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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[-] FreedomAdvocate@lemmy.net.au 1 points 8 hours ago

The government just made it harder for you to get rich from good investments. Not sure why anyone would think that’s a good thing?

this post was submitted on 04 Jun 2026

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