Squiz Shortcuts: Rethinking the Capital Gains Tax

We’re getting closer to the federal budget in May and there’s been headlines in the finance pages flagging some big tax changes in store for investors. While nothing’s locked in, the revisions are part of an ongoing discussion about how to boost productivity and make the housing market fairer in Australia - and one particular tax has been getting a lot of attention: Capital Gains Tax. So in this Squiz Shortcut we’ll look at what Capital Gains Tax is, the reasons the government is looking to revise it, and what the reaction has been. Squiz Recommends:  Reading: This piece by the Grattan Institute’s CEO Aruna Sathanapally discusses how the clock is ticking on the Albanese Government’s window to put in place reforms… Reading: This story in realestate.com.au talks about the impacts of the proposed tax changes on investors and the housing market… SPONSORED: For an easy-to-understand guide on the financial and economic stories shaping Australia, visit ⁠⁠⁠⁠CommBank Newsroom⁠⁠⁠⁠. Bookmark it for quick access whenever you need it. SPONSORED: Michelle Obama is coming to Sydney and seats are limited, so you can explore ticketing options ⁠here⁠. Got a suggestion for a Squiz Shortcut topic? We'd love to hear it - email us at [email protected] ⁠Squiz Shortcuts⁠ is your back story to the big news stories… Want the email version? Sign up for the free Shortcuts newsletter here.