Mixed Results From First Post-Budget Auction Weekend

Mixed results from first post-budget auction weekend

The treasurer and prime minister are doing a sales job on government attempts to boost housing supply as property investors chew budget changes to tax breaks.

Australia's property tax overhaul unpopular with voters, polls show

SYDNEY, May 18 - Australia's centre-left government is facing voter blowback after breaking election promises to roll out the biggest changes to investment taxes in decades in its latest budget, according to two closely watched polls. Read more at straitstimes.com.

Chalmers accused of ‘gaslighting’ in tax clash, as treasurer is grilled on why key discount was removed for non-property assets

Treasurer Jim Chalmers has been accused of “gaslighting” after appearing to mix up shares and property while defending sweeping capital gains tax reforms in the federal budget.

Distortions. Negative gearing changes a gift for investors

Jim Chalmers’ budget has done the economy a favour by wiping out the policy distortions of negative gearing and CGT discounts, writes Michael Pascoe. You’d never guess it from the usual suspects’ headlines but Jim Chalmers’ budget does retail investors a big favour by forcing them to reconsider residential real estate’s sacred cow status.  Yes, Virginia, house prices have jumped. No, Virginia, that doesn’t mean becoming a landlord is the smartes…

Chalmers’ CGT contradiction: We can’t tax our way to start-up innovation

You do not build nationally significant companies by making risk less rewarding. Private capital must be treated as an enabler, not a convenient revenue source.

Budget has investors and businesses eyeing tax-friendly New Zealand

By Michelle Singer Australia’s new tax settings have put New Zealand firmly on the radar of business owners and savvy property investors, not just as a lifestyle fantasy but as an attractive solution to growing tax burdens. Within 24 hours of Treasurer Jim Chalmers’ budget that ushered in a capital gains tax overhaul, WhatsApp group messages and phones lit up with business owners threatening to pull up stumps and relocate to more business-friend…