The Age
·general
·1 hour ago
Budget targets wealth inequality with trust tax hikes and negative gearing restrictions
Australia's budget targets intergenerational wealth inequality through tax changes including a 30 percent minimum tax on discretionary trusts and restricting negative gearing to new builds from 2027. Treasurer Jim Chalmers announced the measures Tuesday, aiming to boost housing affordability while managing economic pressures. Baby Boomers face higher private health insurance costs but gain aged-care funding and expanded pharmaceutical coverage.
Summary by Glance · The Age
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