Capital gains tax changes hits a different kind of asset class

The government hopes changes to capital gains tax will help address intergenerational wealth inequality. But among those the policy is intended to help, there are some vocal people who disagree that it will happen.

Opponents argue that especially young people Their economic prospects will be hampered by this policy, causing most investors to pay more in CGT, as the 50% discount will be replaced by CPI indexation with a minimum base of 30%. The backlash appears to have caught the government off guard, forcing it to defend a position that Jim Chalmers thinks is probably the winning one.