Bond.az reports: The Australian government has introduced a bill in parliament to make the biggest tax rule changes in decades.
The reforms include scrapping a capital gains discount and curbing tax breaks for property investors to boost housing affordability.
According to polls, the changes are unpopular with voters, and the opposition accuses Prime Minister Albanese of breaking election promises.
Albanese defends the changes as a way to make housing fairer for young people and first-home buyers.
Proposals include canceling the 50% capital gains discount for assets held over a year and taxing inflation-adjusted gains. A 30% minimum tax on net capital gains will apply from July 2027.
Negative gearing will be limited to newly built homes to encourage new housing supply.
