The Guardian Australia – News
·general
·3 hours ago
Australian government amends capital gains tax to curb property speculation
The Australian government plans to amend its capital gains tax regime, initially introduced in 1999, to discourage property speculation ahead of the May 12 budget. The 50% discount has failed to create a nation of shareholders, with share ownership dropping from 41% in 1998 to 38% in 2023. Changes aim to address significant revenue losses and housing market distortion.
Summary by Glance · The Guardian Australia – News
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