Chalmers unveils major tax reforms for housing in 2026 budget
Jim Chalmers announces significant tax reforms in the 2026 federal budget, targeting negative gearing and capital gains tax to assist first home buyers. The government aims to enhance intergenerational fairness by abolishing negative gearing for new investors and reinstating an inflation-linked capital gains tax discount. These changes mark the most ambitious tax reforms since the Howard era.
Why it matters
These reforms aim to make home ownership more accessible for first home buyers, impacting many young Australians and families.
Read the full story at The Guardian AU→