Chalmers flags 'legitimate' small business CGT debate
Treasurer Jim Chalmers has acknowledged the ongoing debate regarding capital gains tax (CGT) changes affecting small businesses. He described calls for expanding existing CGT carve-outs as a 'legitimate' conversation amid concerns from business groups. Labor plans to legislate broader CGT changes before finalizing targeted carve-outs after further consultations with stakeholders.
- ▪Jim Chalmers acknowledged concerns about CGT changes affecting small businesses.
- ▪Business groups are advocating for higher thresholds for CGT concessions.
- ▪Labor intends to legislate broader CGT changes before finalizing targeted carve-outs.
Opening excerpt (first ~120 words) tap to expand
Jim Chalmers flags 'legitimate' small business capital gains tax debate By chief digital political correspondent Clare ArmstrongTopic:Federal GovernmentWed 27 May 2026 at 4:35pmWed 27 May 2026 at 4:35pmWed 27 May 2026 at 4:35pmTreasurer Jim Chalmers has faced ongoing questions about capital gains tax carve-outs. (ABC News: Matt Roberts)In short: Labor has acknowledged concerns that its capital gains tax changes extend beyond startups, with Treasurer Jim Chalmers describing calls to expand existing small business carve-outs as a "legitimate" conversation.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at ABC News (Australia).