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

It’s definitely not better for anyone other than the government. Everyone that invests money will be worse off.

this post was submitted on 04 Jun 2026

22 points (100.0% liked)

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