Original article by John Kehoe, Lucas Baird
The Australian Financial Review – Page: 1 & 6 : 1-May-26
The federal government’s widely-tipped changes to the 50 per cent capital gains tax discount are likely to affect personal investors who have held assets such as property and shares for more than one year. However, sources claim that the government has told superannuation funds that the budget on 12 May will not include any major changes that will affect them. This suggests that super funds’ current CGT discount on their earnings will be retained. Meanwhile, Treasurer Jim Chalmers has not explicitly ruled out exempting any existing assets from potential changes to the CGT discount, although he has indicated that any impact on such assets would be minimal.
CORPORATES
AUSTRALIA. DEPT OF THE TREASURY