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The Latest Breaking News from capital gains

Treasurer hoses down calls to carve up his tax revamp

Business groups are urging the federal government to have a major rethink over its capital gains tax measures but Jim Chalmers is remaining steadfast.

AAP

Auction sales are sliding, banks are tightening loans. But is the budget really the only factor?

To say this year’s federal budget has ruffled some feathers would be an understatement. The Albanese government announced major reforms to two tax breaks long seen as politically untouchable – negative gearing and the capital gains tax discount.

The Conversation

Policy stability, relief on STT and LTCG key to winning back FPIs: Sudip Bandyopadhyay

Foreign investors are pulling money from Indian markets. Experts urge India to rethink taxes like STT and LTCG. Policy consistency is also a major concern for global funds. While domestic investors provide support, foreign capital remains vital for growth. Adjusting these tax structures could boost investor confidence and market stability.

The Economic Times

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Aditya Shah calls for complete removal of LTCG for foreign investors amid FPI outflows

Aditya Shah of Hercules Advisors urges India to abolish its long-term capital gains tax on equities for foreign investors, arguing it deters crucial portfolio inflows. He contends that removing the tax is the only credible signal to attract foreign capital, which is vital for lowering the cost of capital and…

The Economic Times

'Poison pill': coalition attacks Labor's tax 'wedge'

The coalition will still vote against the government's budget tax changes, even though it means voting against a $250 tax offset for working Australians.

AAP

FM Sitharaman says Government open to hear investor concerns on LTCG, STCG taxation

Finance Minister Nirmala Sitharaman has indicated the government is ready to listen to stock market investors. Concerns regarding Long-Term Capital Gains and Short-Term Capital Gains taxes are being considered. The Minister emphasized openness to feedback on taxation matters. This comes amid market volatility and discussions on investor sentiment. The government…

The Economic Times

Labor happy with softer housing market since budget

Tax changes in the federal budget are already helping to level the playing field, according to the housing minister.

AAP

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How gold ETFs, tax changes, and recycling incentives can reduce India’s dependence on gold imports

One of the objectives of the gold ETF was not merely financial innovation but to reduce, or at least postpone, the import of physical gold. The idea was elegant: channel India’s deep and lasting appetite for gold into financial products rather than repeated shipments of imported bullion. That promise, however,…

The Economic Times

Investor tax cut call as opponents fight Labor plan

A Labor plan to reduce investor incentives has been branded a "productivity tax" as opponents call for lower taxes for those with money to put aside.

AAP

Anthony Albanese visibly emotional after defending Labor’s capital gains tax and negative gearing changes

Prime minister launches impassioned argument in favour of much-maligned reforms announced in last week’s federal budget

The Guardian - AU

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

In the backlash to changes to capital gains tax, many claims have been made and not all of them stack up

The Guardian - AU

FED:Labor warned against rushing through major tax overhaul

The Greens are likely to give their support to changes to negative gearing and the capital gains discount but businesses fear it will drive investors offshore.

AAP

Man pays zero tax on Rs 5 crore land sales despite filing ITR after deadline; ITAT Mumbai rules in his favour for this reason

A Mumbai man successfully claimed a tax exemption on Rs 5 crore land sales despite filing his ITR after the deadline. The ITAT Mumbai ruled in his favor, stating that since he used the entire capital gains to purchase a new property before filing his belated return, depositing the funds…

The Economic Times

The controversial budget shift treating startups as 'cash cows', stifling dreams

'Now they've devalued our company, what's the point?'

The Canberra Times

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The Guardian - UK

Wes Streeting calls for equal tax on income and capital gains in Labour leadership pitch

MP says current system is unfair and his idea would result in a ‘wealth tax that works’

AAP

FED:Budget measures could cut house prices by 10 per cent

Changes to negative gearing and capital gains tax concessions could cause the biggest housing downturn in 40 years, in a boost for first home buyers.

The Guardian - UK

Starmer says he will campaign for Burnham in Makerfield byelection – as it happened

Prime minister tells reporters he would campaign personally in the contest

AAP

FED:'Structurally sound': Keating backs budget

Former prime minister Paul Keating is backing the budget, especially changes to the capital gains tax, as businesses continue to criticise the measures.

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AAP

'Out of touch': businesses blast ex-PM's budget backing

Labor luminary Paul Keating has been panned as "out of touch" with the modern realities of owning a business after backing controversial tax changes.

The Guardian - AU

How Labor’s budget hit the brakes on Australia’s housing market

Economists believe home values are set for their first national slump since 2022, though Australia’s persistent housing shortage means any fall would be short term

AAP

FED:Treasurer blames 'misinformation' for war on tax change

Critics of the government's capital gains tax changes are being accused by the treasurer of overstating how much extra tax small businesses will have to pay.

AAP

AAP Rolling News Bulletin May 20, 1830

AAP Rolling News Bulletin for May 20 at 1830

AAP

AAP Rolling News Bulletin May 20, 1800

AAP Rolling News Bulletin for May 20 at 1800

AAP

Startup founder fears death of dream after tax tweaks

Recently announced tax reforms will stifle new businesses and remove any incentive to dream big, an entrepreneur claims.

AAP

AAP Rolling News Bulletin May 20, 1730

AAP Rolling News Bulletin for May 20 at 1730

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