Original article by Matthew Cranston
The Australian – Page: 1 & 4 : 10-Feb-26
Wilson Asset Management’s founder Geoff Wilson supports changes to the capital gains tax discount for existing homes. He stresses that any such reforms must be revenue-neutral rather than a budget "cash grab". Wilson adds that CGT reforms must ensure that capital is moved from non-productive assets such as property to productive assets. He says one option would be to reduce the CGT discount for purchases of existing houses for investors to about 25 per cent while increasing the discount on investing in Australian businesses to 75 per cent. Wilson will appear before a Senate Inquiry into CGT in coming weeks. The CGT discount applies to any asset that has been held for at least 12 months.
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