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Labor Proposes Capital Gains Tax Changes Amid Housing Debate

3/18/2026

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Summary

Story summary

Labor signals changes to the capital gains tax discount in the May budget.
A Greens-led inquiry links the 50% CGT discount to intergenerational housing inequality.
Treasurer Jim Chalmers weighs cutting the discount to 33% for housing investors.
Coalition senators oppose the changes, arguing that increasing housing supply is the affordability solution.
Independent senator David Pocock proposes limiting the discount for new properties and restricting negative gearing to one investment property.

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Story summary

Labor signals changes to the capital gains tax discount in the May budget.
A Greens-led inquiry links the 50% CGT discount to intergenerational housing inequality.
Treasurer Jim Chalmers weighs cutting the discount to 33% for housing investors.
Coalition senators oppose the changes, arguing that increasing housing supply is the affordability solution.
Independent senator David Pocock proposes limiting the discount for new properties and restricting negative gearing to one investment property.