Scaling back the capital gains tax discount might not help housing affordability – but there are still good reasons to do it

There is a profound inequity when it comes to tax breaks for investors. The reform could boost the government’s budget bottom line and reduce renters being outbid by investorsGet our breaking news email, free app or daily news podcastSlashing tax breaks for property investors might not put much of a dent in house prices, but that’s not to say it can’t make a meaningful difference to home ownership rates over the coming years.Reading through the submissions to Greens-led Senate committee on the capital gains tax discount and talking to economists delivers a series of convincing arguments for why the Albanese government might be on a winner if it finally finds the courage to prosecute this reform. Continue reading...