Treasurer Jim Chalmers has played down reports the government is considering changes to the capital gains tax discount.
Treasurer Jim Chalmers has sought to temper expectations around possible changes to the capital gains tax (CGT) discount for property investors.
Chalmers made the comments while entering parliament, responding to reports the government could be weighing reforms to the 50% CGT discount.
The discount is currently being examined by a Greens-led Senate inquiry, prompting speculation about potential tax changes.
Chalmers said the government had not altered its policy position and stressed that any further tax reforms would need to go through cabinet.
He said Labor’s tax priorities remained focused on income tax cuts, the standard deduction, superannuation reform and tightening multinational tax arrangements.
Chalmers also reiterated the government’s housing focus was on increasing supply rather than adjusting tax settings for investors.
