Coalition in-fighting over whether to cut the capital gains tax (CGT) discount in the upcoming Budget continues to fester, with Finance Minister Mathias Cormann still trying to suppress backbench pressure to reform the concession. From The AFR:
[Cormann] is fighting internally against proposals to curb the capital gains tax deduction for investors to try and cool the housing market.
The Australian Financial Review has previously reported the government has been considering its own changes to CGT as part of its housing affordability policy and a recent freedom of information request lodged by Labor revealed extensive work had been done by Treasury.
