DEEP DIVE: What is CGT and would ditching the discount make housing cheaper?
Have you clocked people talking about the capital gains tax discount this week? It's a tax break that basically lets property owners pay less tax when they sell their houses, and it tends to benefit older, richer Australians and investors. So when it comes to the generational wealth divide, is it part of the problem? A bunch of economists certainly think so, and this week there've been hints from the government that some type of change might be on the table. So what might that look like? On the deep dive today, we unpack whether the capital gains tax is fair, and chat to an economist about policy alternatives. Guest: Elyse Dwyer, research economist, e61 institute Get the whole story from Hack: Follow us on Instagram and TikTok Subscribe to the hack podcast Listen on the triple j app or on your radio live every weeknight at 5:30pm
Hack · Australian Broadcasting Corporation
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Show Notes
Have you clocked people talking about the capital gains tax discount this week?
It's a tax break that basically lets property owners pay less tax when they sell their houses, and it tends to benefit older, richer Australians and investors.
So when it comes to the generational wealth divide, is it part of the problem?
A bunch of economists certainly think so, and this week there've been hints from the government that some type of change might be on the table.
So what might that look like?
On the deep dive today, we unpack whether the capital gains tax is fair, and chat to an economist about policy alternatives.
Guest:
- Elyse Dwyer, research economist, e61 institute
Get the whole story from Hack:
- Follow us on Instagram and TikTok
- Subscribe to the hack podcast
- Listen on the triple j app or on your radio live every weeknight at 5:30pm