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The Guardian - AU
The Guardian - AU
National
Patrick Commins

The biggest budget myths: why claims of ‘massive tax bills’ and an investor exodus fall short

capital gains Inflation
The Melbourne skyline and rooftops of buildings are seen in Melbourne
Investors in new home builds can choose whether to stick with the old 50% discount or go with the new inflation-linked approach to capital gains tax. Photograph: James Ross/AAP

The budget announced some of the most consequential tax reform measures in a decades.

Among them were changes to the capital gains tax – the tax you pay on the profit from the sale of an investment.

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