CGT, bracket creep and trusts: Alan Kohler on the budget debate | ABC NEWS

By ABC News (Australia)

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ABC finance presenter Alan Kohler explains Labor’s proposed changes to the capital gains tax discount, why the policy was introduced, and which asset classes it was designed for. He also explains whether changing CGT could help younger Australians break into the housing market, what it could mean for people investing in shares to save for a home deposit, and why the Coalition wants to bring back automatic indexation of income tax brackets to address bracket creep. 00:00 - Introduction 00:22 - What is capital gains tax (CGT)? 03:01 - Would changing CGT help young people buy homes? 04:47 - Share market investing and saving for a deposit 06:08 - Why indexing income tax thresholds to inflation is good policy but bad politics 07:38 - Taxing testamentary trusts Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-05-18/nostalgia-for-past-tax-system-from-labor-and-coalition/106689472 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustral

Tags: Australia, abc, abc news, news, capital gains tax, CGT discount, bracket creep, tax reform Australia, housing affordability, share investing, first home buyers, income tax indexation, testamentary trusts, death tax, Alan Kohler, federal budget