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CGT like its 1999: Chalmers leans toward scrapping Howard-Costello tax discount

The change would target investor windfalls and could raise modest extra revenue, with 42% of poll respondents backing a cut to the CGT concession.

Scrapping the capital gains tax discount would likely deliver a tax hit to investors, as Jim Chalmers promises “intergenerational equity” in his May 12 budget.

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Sydney Morning Herald broke the news in Sydney, Australia on Sunday, April 19, 2026.
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