Tinkering with the capital gains tax discount isn’t enough. Here’s why it needs to go

Written by The Conversation

It looks increasingly likely Treasurer Jim Chalmers will make changes to the capital gains tax (CGT) discount in the federal budget in May.

Under the current system, a person who has held an asset for at least 12 months receives a 50% reduction in the capital gains tax bill they would otherwise pay when they sell the asset,...

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