capital gains tax changes

Treasurer tells Commonwealth Bank podcast that he aims to ‘recognise the decisions that people have taken in the past’ Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Massive paper profits earned over recent years by property investors will be shielded from Labor’s changes to the CGT discount, after Jim Chalmers said any new tax rules would “recognise the decisions that people have taken in the past”. The treasurer is widely expected to modify the 50% tax discount on profits from the sale of assets held for more than one year,