Odds firm on new CGT property rate

Odds firm on new CGT property rate

With the federal budget just five weeks away, a new capital gains tax ‘discount rate’ of 33 per cent is now widely assumed to be on the cards along with a potential limit of two negatively geared properties per person. As the government refuses to comment on speculation, property analysts suggest the government will use inflation patterns from the last decade to justify an effective CGT rate increase by cutting the so-called discount – offered t…