Say farewell to aspiration — Labor’s CGT changes beat the haters

Have you heard of this? This is the sound of the sky falling after Labour’s first and main slice “contentious”, “controversial” And “friendless“Tax changes passed parliament – ​​not with a fanfare but with whining from the asset-friendly media.

Major changes to negative gearing (only on new builds progressing) and Capital Gains Tax relief (indexed to inflation rather than a flat 50%) were legislated after a “dangerous” deal with the Greens that added a ban on self-managed super funds borrowing to buy property (won’t someone do that) Please to think SMSFs).