Chalmers budget slashes negative gearing and capital gains discount | 7NEWS

22 hours ago The News Room

Treasurer Jim Chalmers has delivered a federal budget featuring major changes to property investment tax rules, including restrictions on negative gearing claims to new builds only and the removal of the 50 per cent capital gains tax discount. The budget also includes $38 billion in NDIS cuts by 2030, a permanent $250 tax offset from 2028, $6 billion for PBS medicines, and a $15 billion fuel security package to boost national reserves.

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