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Australia Debates Capital Gains Tax to Tackle Housing Crisis

2/9/2026

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Summary

Story summary

The Australian Parliament is debating capital gains tax reforms, with Treasurer Jim Chalmers considering changes.
The 50% capital gains discount, introduced in 1999, has pushed up housing prices.
In 2022–23, 89% of the benefits went to the top 20% of earners.
Proposed reforms include reducing the discount for landlords or tying it to housing quality standards, potentially changing housing policy.

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Story summary

The Australian Parliament is debating capital gains tax reforms, with Treasurer Jim Chalmers considering changes.
The 50% capital gains discount, introduced in 1999, has pushed up housing prices.
In 2022–23, 89% of the benefits went to the top 20% of earners.
Proposed reforms include reducing the discount for landlords or tying it to housing quality standards, potentially changing housing policy.