Labor’s tax reforms might diminish the appeal of investing in shares – but should make home ownership more attainable

The new capital gains tax rules in Labor’s budget will apply to all CGT assets, including equities. Photograph: Dean Lewins/AAP

Labor’s tax reforms, primarily aimed at investment properties, also affect other assets, including shares.

This has prompted concerns that the changes in the budget may impede young Australians’ efforts to build wealth for financial goals like a house deposit through an equity portfolio.