Summary
Treasurer Jim Chalmers has handed down a budget, which may be the most consequential in years. Most significantly, it dampens preferential tax treatment for asset holders by tightening the tax benefits across property investment, capital gains, and family trusts.
To help cut through the noise and explain what actually matters, Verse Senior Associate Adviser Sam Powderly summarises the key announcements.
Included:
• Capital Gains (CGT)
• Negative Gearing
• Family Trusts
• Personal Taxes & Cost of Living
Sam Powderly
1316585Financial Adviser
