Treasurer defends impact of budget on young investors
Treasurer Jim Chalmers has defended the government's proposed tax changes that will impact young investors. He argues that these changes will lead to a fairer investment landscape by removing distortions in the market. Critics, however, express concerns that the changes will limit wealth-growth opportunities for young people.
- ▪The federal budget proposes to reduce the Capital Gains Tax discount and limit negative gearing to new homes.
- ▪Chalmers believes that investing based on economic outcomes is preferable to tax-driven decisions.
- ▪Young investors can still use negative gearing for newly built homes, according to Chalmers.
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Jim Chalmers defends impact of tax changes on young investorsBy political reporter Holly TregenzaTopic:Federal GovernmentSun 17 May 2026 at 11:09amSun 17 May 2026 at 11:09amSun 17 May 2026 at 11:09amJim Chalmers argues it is better for young people to invest based on economic rather than tax outcomes. (ABC News: Matt Roberts)In short: Treasurer Jim Chalmers has defended the impact of the government's proposed tax changes on young investors. Some young people saving for a deposit use the share market or a strategy called rentvesting, both of which will be affected.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at ABC News (Australia).