Chalmers flags huge ‘necessary’ tax changes in budget

Chalmers flags negative gearing changes in budget

Investing in property is about to get less lucrative with changes to newly negatively geared properties planned.

Chalmers flags huge ‘necessary’ tax changes in budget

The Treasurer has flagged major tax changes for workers and investors, ahead of Tuesday’s budget announcement.

‘Necessary’: Chalmers flags huge tax changes

Treasurer Jim Chalmers has hinted at “difficult but necessary” tax reforms in Tuesday’s budget while stopping short of confirming changes to negative gearing.

CGT, negative gearing overhaul: Labor set to break two election promises

Treasurer Jim Chalmers reveals budget plans to overhaul negative gearing and capital gains tax, breaking election promises, as well as trusts.

CGT Reforms Poised to Reshape ASX Investment Focus

Labor’s proposed capital gains tax (CGT) changes are poised to significantly reshape investment incentives on the Australian sharemarket, with UBS labelling the upcoming budget the most consequential for the ASX in years. These reforms are anticipated to diminish the appeal of high-growth technology and medical stocks, potentially boosting interest in traditional banks and real estate businesses. UBS equities strategist Richard Schellbach noted …

New calculator highlights downsides of CGT changes

Expected Federal Budget changes to the Capital Gains Tax rules could materially reduce long term after tax returns across major investment categories, according to digital investment adviser and platform, Stockspot. The company has pointed to the potential outcome at the same time as launching a new CGT calculator that allows investors to compare the current 50% CGT discount against a possible move to an inflation indexation model and estimates …