The rumours of action on the capital gains tax discount and negative gearing are louder than before any budget this century. But is the PM up to the task?
It’s obvious to me that they always talk radical action and deliver just a tiny incremental change.
The cgt discount will be wound back, but I’m sure it will apply to a tiny fraction of assets under some qualifying criteria like only new sales and only on amounts under 10k (joking but you get what I mean). How are we still collectively thinking “this time they won’t back down”. Of course they will.
It’s obvious to me that they always talk radical action and deliver just a tiny incremental change.
The cgt discount will be wound back, but I’m sure it will apply to a tiny fraction of assets under some qualifying criteria like only new sales and only on amounts under 10k (joking but you get what I mean). How are we still collectively thinking “this time they won’t back down”. Of course they will.