Jan bought a house worth $1m. Here’s how the CGT changes affect her
See how Labor’s new scheme works – and try our calculator to see how it affects the tax on different assets
Labor’s change to the capital gains tax discount is one of the biggest items in the budget – but it’s also one of the most complicated.
CGT is paid when an asset is sold but, since 1999, owners have had a CGT discount. Under the changes, from 1 July 2027, the CGT discount will be replaced with a new cost-base indexation system.
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