Policy Reform Options for Negative Gearing and Capital Gains Tax

Summary of proposal

The proposal has 5 options, which make changes to the capital gains tax (CGT) discount and negative gearing arrangements (which allow losses relating to an investment property to be deducted from non-investment income) for all individuals, trusts, partnerships and superannuation funds, as per the below table. All options would take effect from 1 July 2024.

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Policy Reform Options for Negative Gearing and Capital Gains Tax

Summary of proposal

The proposal has 5 options, which make changes to the capital gains tax (CGT) discount and negative gearing arrangements (which allow losses relating to an investment property to be deducted from non-investment income) for all individuals, trusts, partnerships and superannuation funds, as per the below table. All options would take effect from 1 July 2024.

Read more

Policy Reform Options for Negative Gearing and Capital Gains Tax

Summary of proposal

The proposal has 5 options, which make changes to the capital gains tax (CGT) discount and negative gearing arrangements (which allow losses relating to an investment property to be deducted from non-investment income) for all individuals, trusts, partnerships and superannuation funds, as per the below table. All options would take effect from 1 July 2024.

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Labor's revised stage 3 tax cuts: distributional analysis

Summary of proposal

The request sought estimated financial implications and distributional analysis of the Government’s revised Stage 3 tax cut changes announced on 25 January 2024, relative to 2023-24 tax settings. The revised Stage 3 tax cuts take effect from 1 July 2024.

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Labor's revised stage 3 tax cuts: distributional analysis

Summary of proposal

The request sought estimated financial implications and distributional analysis of the Government’s revised Stage 3 tax cut changes announced on 25 January 2024, relative to 2023-24 tax settings. The revised Stage 3 tax cuts take effect from 1 July 2024.

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Distributional analysis of the Stage 3 tax cuts

Summary of proposal

The request sought estimated financial implications and distributional analysis of Stage 3 of the personal income tax plan as set out in the 2018-19 Budget measure Personal income tax plan and the 2019-20 Budget measure Lower taxes for hard-working Australians: Building on the Personal Income Tax Plan over the medium term. The Stage 3 tax cuts take effect from 1 July 2024 and involve:

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Distributional analysis of the Stage 3 tax cuts

Summary of proposal

The request sought estimated financial implications and distributional analysis of Stage 3 of the personal income tax plan as set out in the 2018-19 Budget measure Personal income tax plan and the 2019-20 Budget measure Lower taxes for hard-working Australians: Building on the Personal Income Tax Plan over the medium term. The Stage 3 tax cuts take effect from 1 July 2024 and involve:

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Underlying cash balance impact of Stage 3 tax cuts

Summary of proposal

The request sought the underlying cash balance from 2022-23 and the 2023-24 Budget forward estimates period, with the share of the Stage 3 tax cuts shown, presented as both a table and a chart.

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Underlying cash balance impact of Stage 3 tax cuts

Summary of proposal

The request sought the underlying cash balance from 2022-23 and the 2023-24 Budget forward estimates period, with the share of the Stage 3 tax cuts shown, presented as both a table and a chart.

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Distributional analysis of the Stage 3 tax cuts

Summary of proposal

The request sought estimated financial implications and distributional analysis of Stage 3 of the personal income tax plan as set out in the 2018-19 Budget measure Personal income tax plan and the 2019-20 Budget measure Lower taxes for hard-working Australians: Building on the Personal Income Tax Plan over the medium-term. The Stage 3 tax cuts take effect from 1 July 2024 and involve:

Read more