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McKell Institute calls for CGT 'circuit breaker'
Financial Standard
|July 28, 2025
A new paper from the McKell Institute calls for a major shakeup of capital gains tax (CGT) via a 'circuit breaker' proposal to the stalled national housing debate.
The paper suggests increasing or decreasing the CGT discount is too simple of an approach. Instead, it calls for an increase in the CGT discount on new attached builds to 70% from 50%; decrease the CGT discount on existing detached dwellings to 35%, from 50%; and leave the CGT discount on new detached dwellings unchanged at 50%.
In addition, the proposal suggests grandfathering all existing investments.
This story is from the July 28, 2025 edition of Financial Standard.
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