Capital gains tax and negative gearing benefit the 1% and this chart shows it
More than half of the benefit of the CGT concession went to the top 1% of income earners, the most recent data shows
-
Want to get more charts in your inbox every fortnight? Sign up for The Crunch here
This year’s federal budget includes changes to negative gearing and capital gains (CGT) and discretionary trust tax concessions – policies that some blame for fuelling housing speculation and that disproportionately benefit the richest.
The top 1% of lifetime earners alone have received more than $700,000 in tax concessions over their working life from capital gains tax, negative gearing and discretionary trusts, according to figures in the budget.
Share this article
←
Previous Article
Don’t reach for the bug spray: scientists find insects may feel pain after crickets nurse sore antenna
Next Article
Budget 2026 live updates: Coalition claims budget will ‘kneecap’ younger Australians; plans for Trump tower on Gold Coast scrapped
→
Local News View All →
Australia news live: Victorian premier says Angus Taylor’s budget reply out of Trump playbook; Hanson’s Senate speech cut short
May 15, 2026
Angus Taylor accused of ‘dog-whistling’ and marginalising immigrants over plan to cut benefits to non-citizens
May 15, 2026
Jan bought a house worth $1m. Here’s how the CGT changes affect her
May 15, 2026
