Labor appears set to reform capital gains tax discount after parliamentary inquiry findings

By Tom McIlroy Political editor · The Guardian World

Report reveals the Howard-era settings are helping fuel intergenerational inequality in Australia’s housing market Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Labor has given one of its strongest signals yet the capital gains tax discount will be reworked in the May budget, with a parliamentary inquiry finding the Howard-era settings are helping fuel intergenerational inequality in Australia’s housing market. A Greens-led parliamentary inquiry said the 50% discount “skewed the ownership of housing away from owner-occupiers and towards investors”. Continue reading...