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Received — 30 April 2026 ⏭

The Guardian World news
Limiting capital gains tax changes to new investments would ‘severely delay’ budget reforms, Deloitte says Patrick Commins
Treasurer Jim Chalmers had indicated ‘transitional’ proposed changes as Labor attempts to repair a ‘structurally flawed’ budgetFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastOnly applying changes to the CGT discount and negative gearing rules to new investments would “severely delay” desperately needed reforms required to repair a “structurally flawed” budget and boost the economy, Deloitte says.The consulting firm estimated that
30 April 2026 at 12:30

Limiting capital gains tax changes to new investments would ‘severely delay’ budget reforms, Deloitte says

30 April 2026 at 12:30

Treasurer Jim Chalmers had indicated ‘transitional’ proposed changes as Labor attempts to repair a ‘structurally flawed’ budget

Only applying changes to the CGT discount and negative gearing rules to new investments would “severely delay” desperately needed reforms required to repair a “structurally flawed” budget and boost the economy, Deloitte says.

The consulting firm estimated that a policy which cut the 50% capital gains tax discount to 33% and abolished negative gearing would only generate $500m over the first four years of operation if existing investments were not included – an approach known as “grandfathering”.

The Guardian World news
Existing property investors likely to avoid more tax under possible CGT changes in Chalmers’ May budget Patrick Commins
Treasurer tells Commonwealth Bank podcast that he aims to ‘recognise the decisions that people have taken in the past’Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastExisting property investors look set to avoid paying more tax under Labor’s mooted changes to CGT in next month’s budget, after Jim Chalmers said he wanted to “make sure that we recognise the decisions that people have taken in the past” and flagged any reforms would n
30 April 2026 at 01:25

The Guardian World news

Existing property investors likely to avoid more tax under possible CGT changes in Chalmers’ May budget

By: Patrick Commins

30 April 2026 at 01:25

Treasurer tells Commonwealth Bank podcast that he aims to ‘recognise the decisions that people have taken in the past’

Existing property investors look set to avoid paying more tax under Labor’s mooted changes to CGT in next month’s budget, after Jim Chalmers said he wanted to “make sure that we recognise the decisions that people have taken in the past” and flagged any reforms would not generate “a huge amount of revenue”.

The treasurer is widely expected to modify the flat 50% tax discount on profits from the sale of assets held for more than one year, potentially returning to the pre-1999 model where capital gains are adjusted for inflation.