CGT, bracket creep and trusts: Alan Kohler on the budget debate | ABC NEWS
ABC finance presenter Alan Kohler explains Labor’s proposed changes to the capital gains tax discount, why the policy was introduced, and which asset classes it was designed for. He also explains whether changing CGT could help younger Australians break into the housing market, what it could mean for people investing in shares to save for a home deposit, and why the Coalition wants to bring back automatic indexation of income tax brackets to address bracket creep.
00:00 – Introduction
00:22 – What is capital gains tax (CGT)?
03:01 – Would changing CGT help young people buy homes?
04:47 – Share market investing and saving for a deposit
06:08 – Why indexing income tax thresholds to inflation is good policy but bad politics
07:38 – Taxing testamentary trusts
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Read more here: https://www.abc.net.au/news/2026-05-18/nostalgia-for-past-tax-system-from-labor-and-coalition/106689472
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