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Opinion | Phillip Coorey

Phillip Coorey

Housing v investors: The CGT fight that could trap the Liberals

The 50 per cent discount looks indefensible, given Labor’s focus on intergenerational equity. A few carve-outs will help ease its removal.

During its first term, the Albanese cabinet deliberately resolved to go to the next election not having ruled out changes to the 50 per cent capital gains discount for investors.

A quick trawl through past statements appears to support this. There are plenty of emphatic assurances about not introducing death taxes, not changing the tax treatment of the family home, and leaving alone negative gearing.

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