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Labor's Capital Gains Tax Changes: A Major Rewrite or Minor Tweaks?
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Politics·15h agoAI summary

Labor's Capital Gains Tax Changes: A Major Rewrite or Minor Tweaks?

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.

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