Albanese Tweaks Capital Gains Tax

Albanese pivots on capital gains tax after backlash, offering sweeping exemptions for 2.7 million small businesses—raising the threshold to $10 million and preserving all four existing concessions, plus a new big boost for startups. Testamentary trusts also get relief from the 30% minimum tax, though details are pending. The changes cost $475 million over time but aim to protect growth-focused entrepreneurs and keep 98% of active businesses out of the tax squeeze. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/18226dfc58533ac1