The likely change to the capital gains tax and the 'Ponzi scheme' of housing

About this episode

The episode discusses potential changes to the capital gains tax on property and its implications for housing prices and inequality.

Treasurer Jim Chalmers is slated to make a big change to the tax system, with the centrepiece of the May budget a change to taxing capital gains on property. Will the likely tweaks reduce skyrocketing house prices, or address intergenerational inequality? Today, senior economics correspondent Shane Wright talks about who this change will cost, who it will benefit, and by how much. Background reading: Shane Wright's story, 'CGT like it's 1999.' The Sydney Morning Herald and The Age's up-to-date political coverage. Subscribe to The Age & SMH: https://subscribe.smh.com.au/ See omnystudio.com/listener for privacy information.

People in this episode

Guest: Shane Wright

Topics covered

• capital gains tax
• housing market
• intergenerational inequality
• economic policy
• property taxation

Keywords

• capital gains tax
• housing prices
• intergenerational inequality
• Jim Chalmers
• Shane Wright

Mentioned in this episode

Organizations: The Age, Sydney Morning Herald

Books & works: CGT like it's 1999

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