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Budget 2026 Australia: Jim Chalmers announces capital gains tax and negative gearing reform for housing

Labor’s ambitious and politically risky tax reform aims to help first home buyers and foster intergenerational fairness<ul><li><a href="https://www.theguardian.com/australia-news/live/2026/may/12/budget-2026-live-updates-federal-treasurer-jim-chalmers-speech-time-tonigh

First seen · 9:35 AM UTCMay 12, 2026

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The Guardian
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Budget 2026 Australia: Jim Chalmers announces capital gains tax and negative gearing reform for housingLabor’s ambitious and politically risky tax reform aims to help first home buyers and foster intergenerational fairness<ul><li><a href="https://www.theguardian.com/australia-news/live/2026/may/12/budget-2026-live-updates-federal-treasurer-jim-chalmers-speech-time-tonigh
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