REIT-focused mutual funds are launching in India, addressing previous tax hurdles and illiquidity. From 2026, REITs will be taxed as equity, making long-term gains more favorable. Edelweiss MF is launching the first such index fund, offering diversified exposure to real estate assets.
Australia's Morning Mail covers significant news including falling house prices, concerns over First Nations deaths in custody, and the start of Alan Jones' trial. International news features the Middle East crisis and wildfire tragedies.
Angus Taylor faced criticism for political missteps and an awkward social media video, while Pauline Hanson sparked debate by claiming the multicultural Socceroos represented a "monoculture." The controversy highlighted the team's diversity and prompted responses from PM Albanese and former Socceroo Craig Foster.
New Australian tax changes on capital gains are already impacting housing prices, contrary to opposition claims. Research indicates the 50% CGT discount, introduced in 1999, is a primary driver of the housing affordability crisis, not banking deregulation. Data also shows younger Australians are not the largest capital gains cohort, nor do they earn the most from them, challenging claims that the changes harm them.
Fund manager Geoff Wilson deleted an AI-generated video he reposted from a right-wing account, which depicted PM Albanese and Treasurer Chalmers taking money from white Australians for migrants. Wilson claimed he hadn't watched the full video or checked sources before sharing it, which also included QAnon content.
Australia's native birds, including black swans, face a "very high risk" of extinction from bird flu. Meanwhile, Europe experiences record heatwaves with 40 drownings in France, and the US Secretary of State addresses shipping tolls in the Strait of Hormuz.
Labor secured Senate support for tax changes, but a deal with the Greens to extend an NDIS inquiry could jeopardize other budget measures. The Coalition, angered by the tax deal, may withhold support for NDIS reforms, leaving them friendless in the Senate.
The Greens will support the Albanese government's negative gearing and capital gains tax changes. In return, Labor's overhaul of the national disability insurance scheme will be delayed and tweaked. This deal allows Labor to pass its budget centerpiece before parliament rises.
The Greens will support the Albanese government’s negative gearing and capital gains tax changes in exchange for delaying and tweaking the National Disability Insurance Scheme (NDIS) overhaul. The deal allows Labor to pass its budget centerpiece before parliament rises.
Australia's parliament enters a 'settlement season' before its winter break, with the Labor government pushing contentious tax changes and facing opposition to NDIS reforms. Deals with the Greens and Coalition are complicated by party fury, leading to potential legislative roadblocks.
Pauline Hanson addresses her new MP's comments on immigration and Indigenous flags. The Albanese government offers concessions on capital gains tax changes. Iran plans maritime fees in the Strait of Hormuz, Ukraine drones strike Moscow, and Lionel Messi's family requests "humanity" amid health reports.
The Australian Labor government has introduced concessions to its proposed capital gains tax changes, increasing the small business threshold to $10m and exempting testamentary trusts from a new tax rate. While reported as a major retreat, the changes are seen as adjustments to counter "scare campaigns" rather than a fundamental rewrite. The concessions cost $475m over forward estimates and are crucial for the government's housing market reform agenda.
Italy's Council of Ministers preliminarily approved the "Omnibus" decree, introducing tax reforms for company cars, clarifying IRAP for Third Sector entities, and allowing Italian companies to use EU/EEA tax losses. Changes also affect inheritance and donation taxes.
The Greens are pushing Labor to extend Senate inquiries into NDIS cuts and tax changes, potentially delaying the government's agenda. They oppose rushing NDIS reforms and may align with the Coalition to demand longer scrutiny, despite generally supporting the tax reforms.
Prime Minister Anthony Albanese has attacked opposition leader Angus Taylor, calling him "Temu Abbott," as the government pushes its tax reform legislation. The Greens are concerned about discretionary powers in the bill, while the Coalition plans to split the legislation to support a tax offset.
Treasury claims 90% of young Australians will benefit from the Albanese government's tax proposals, including a $1,000 tax deduction and reforms to capital gains tax and negative gearing. The reforms face opposition criticism and internal Labor tensions, particularly over potential impacts on young investors with share market holdings.
Australian PM Anthony Albanese will present controversial changes to negative gearing and capital gains tax on Thursday, aiming for swift parliamentary passage despite internal party debate and external criticism from investors and business groups. The government emphasizes the budget's focus on housing affordability.
Australian PM Albanese responded to an AI meme campaign protesting proposed capital gains tax changes, calling the doctored photos "flattering." Independent politicians and the tech sector warn the changes could drive investment and innovative companies overseas.
Australian tech entrepreneurs are using AI-generated images of Prime Minister Albanese as their "new founder" to protest proposed capital gains tax changes. They warn the reforms could stifle innovation, discourage talent, and push startups overseas.
The Albanese government’s budget plans to replace the 50% capital gains tax discount on assets held over 12 months with a model taxing full real gains adjusted for inflation.
Major UK tax and savings changes take effect from 6 April 2027, including a £12,000 cap on cash Isas for under-65s (down from £20,000), a 2 percentage point increase in income tax on savings and rental income, and Making Tax Digital threshold falling to £30,000. Financial advisers urge people to review their plans now rather than wait.
