Advertisement
From the AFR:
A senior Treasury official has confirmed the Turnbull government is looking at the tax breaks on capital gains and superannuation.
Paul Tilley, head of the personal and retirement income division, told a parliamentary inquiry into home ownership on Friday that Treasury had spent a lot of time looking at capital gains tax exemptions on investment properties.
“The new prime minister and new treasurer have indicated they’re areas, together with superannuation, that we’ll look at,” Mr Tilley said.
…Mr Tilley told the inquiry that letting young people use their super for house deposits could put pressure on housing prices unless supply was increased at the same time.
Please God actually do it.
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
Advertisement