The new capital gains tax changes hit the people struggling the hardest.


Anyone with an investment property bought before May 12 keeps the 50% discount forever.
Build to rent corporates and large developers retain full negative gearing on new builds.
The new rules on capital gains hits people on lower incomes harder than anyone else.
Someone who finally inherited the family home (the one their parents worked their whole lives for) used to pay tax at their actual marginal rate. Now the floor sits at 30 cents regardless.
Family trusts, the way most middle class Australians pass wealth to their kids, can now get taxed at up to 77 cents on the dollar.
A young couple trying to buy an investment property to get ahead just lost their negative gearing.
But the corporate landlords keep it on new builds.
We were never meant to get ahead.
MAY-8.03%
ON0.39%
HOME2.66%
AT-1.23%
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