Can someone please explain the issue with the proposed CGT reform? (lemmy.ml)

submitted 2 days ago by cdzero@lemmy.ml to c/australia@aussie.zone

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I should start by saying, I am trying to find out information in good faith and have done a bit of research that was largely unproductive thanks to all the spin and "expert commentary".

My understanding is the new proposal would tax gains adjusted for inflation at 30%. I am also of the understanding that you could claim a 50% discount on this tax if you lived in a property it would apply within a timeframe. I am not sure how it was calculated for other asset classes.

So I guess my questions are, is the above correct? What were the old rules? What are the new rules? What's this 47% equity thing doing the rounds that just sounds incorrect?

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[-] nbsp@programming.dev 8 points 2 days ago* (last edited 2 days ago)

in-depth discussions from a tax/investor/small biz perspective (most of it is not applicable to me or 80% of the population so i just watched at 1.5x speed to get a gist of issues)

https://www.youtube.com/watch?v=yMV0PA2jkrk

edit: some of the 'problems' like the negative gearing impacting borrowing power... i'm like good... that's the point!

problems like restructuring costs and stamp duty... yeah that's kinda a legit issue.

this post was submitted on 04 Jun 2026

22 points (100.0% liked)

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