Christopher Pine says that there is “no evidence” that changes to negative gearing and CGT will not have “any impact” on houses at all.
“The only way to reduce house prices is to increase supply”
“Economics hasn’t changed”
“There’s too much demand and not enough supply”
The Albanese government has blindsided the financial sector with a surprise “death tax” on wills and estates, triggering urgent calls for clarification from wealth advisers.
Under new budget measures, family trusts are set to be hit with a minimum 30 per cent tax rate. The new rule will also apply to the most common form of estate planning trust: the Testamentary Discretionary Trust.
theaustralian.com.au/wealth/budget-…
Angus Taylor can’t tell us how much his new tax policy costs or how he’ll pay for it.
The speech didn’t survive an hour.
An absolute train wreck.
#auspol#ausecon
One Nation leads the nation!
Wow. One Nation are now out in front! Growing numbers of Aussies are rightly done with the failures and broken promises associated with the uniparty. Change is coming!
It's pretty simple.
Young Australians just need to know this.
@JEChalmers is taxing your future inheritance by taking it from your grandparents and parents right now.
That's right. Do you want it or do you want the government to grab it?
@SkyNewsAust Negative gearing makes moderate sense although flawed in a variety of way. But! Why change CGT on shares & crypto ?
These are mechanisms to help the youth get a home also!!!! Tax grab is all that comes to mind 🤬
Younger Australians are being robbed of a crucial method to build wealth that older generations enjoyed after Jim Chalmers changed capital gains taxes in the budget, experts have warned.
skynews.com.au/business/finan…
@OsherFeldman@sunriseon7@7NewsAustralia Why change CGT on shares/crypto etc then, that has nothing to do with property @AlboMP ?
The youth are using these mechanisms to save for god sake and now you are trying to screw there positions for a better future.
Exempt shares/crypto from these changes for his sakes 🤬
Watch Natalie Barr challenge the PM with a key question:
“He [Lee-a viewer] says:
‘Mr. Albanese was able to build his property portfolio through negative gearing. He’s taken the opportunity away from young people to do what he did.’
What do you say to that?”
The govt just slashed the 50% CGT discount for everyday Aussies, meaning you’ll pay more tax on shares, investments, and properties you’ve worked and risked your money to acquire.
At the exact same time, in Budget Paper 1, they’re expanding VCLP tax breaks, lifting the asset cap from $250m to $480m so massive foreign pension funds and overseas VC firms can make tax-free capital gains in Australian.
Ordinary Australians = more tax.
Foreign billion-dollar funds = tax-free profits.
Meanwhile they’re flooding the country with third world migrants to demographically replace Australians
This is Replacement agenda 101. I think it's safe to say now we are at War with this government?
Removing the CGT discount on shares is a garbage move.
People buying ETFs aren't the reason the housing market is broken. In fact, many use them to save for a home.
Gen Z and Millennials are finally building wealth through being the biggest users of micro-investing apps (69% of users), and the Govt just screwed them over 🤷♀️. #AusPol#Budget2026