Capital gains tax concessions slammed as unfair and cruel to younger generations
Capital gains tax concessions slammed as unfair and cruel to younger generations is drawing significant interest across the industry.
A Senate inquiry into housing affordability has heard urgent calls for tax reform, with advocates warning that current capital gains concessions favour wealthy investors while locking the younger generation out of the property market. The Australian Council of Trade Unions argues that reducing these tax breaks could boost home ownership by four per cent. The Grattan Institute maintains the primary benefit would be a $6.5 billion budget windfall to fund public housing and support struggling renters.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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