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

<p>Report reveals the Howard-era settings are helping fuel intergenerational inequality in Australia’s housing market</p><ul><li><p><a href="https://www.theguardian.com/australia-news/live/2026/mar/17/bowen-rba-interest-rates-decision-cost-of-living-inflation-fuel-price-shortages-petrol-jim-chalmers-economy-war-iran-anthony-albanese-ntwnfb">Follow our Australia news live blog for latest updates</a></p></li><li><p>Get our <a href="https://www.theguardian.com/email-newsletters?CMP=cvau_sfl">breaking news email</a>, <a href="https://app.adjust.com/w4u7jx3">free app</a> or <a href="https://www.theguardian.com/australia-news/series/full-story?CMP=cvau_sfl">daily news podcast</a></p></li></ul><p>Labor has given one of its strongest signals yet the <a href="https://www.theguardian.com/australia-news/2026/feb/05/capital-gains-tax-discount-to-cost-australia-250bn-over-next-decade-with-retirees-and-high-income-earners-to-benefit-most">capital gains tax discount</a> 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.</p><p>A Greens-led parliamentary inquiry said the 50% discount “skewed the ownership of housing away from owner-occupiers and towards investors”.</p> <a href="https://www.theguardian.com/australia-news/2026/mar/17/labor-appears-set-to-reform-capital-gains-tax-discount-after-parliamentary-inquiry-findings">Continue reading...</a>

Read the full article at: The Guardian World →