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

  • Written by The Conversation
Tinkering with the capital gains tax discount isn’t enough. Here’s why it needs to goTroy Mortier/Unsplash

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,...

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

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