The Treasury Laws Amendment (Tax Reform No. 1) Bill 2026 limits negative gearing to new-build homes from July 2027 and swaps the 50 percent CGT discount for inflation indexation with a 30 percent minimum tax on real gains, aiming to raise $80 billion for worker tax cuts like $1,000 deductions.
Outrage centers on Chalmers’ nine post-passage ministerial determinations covering key definitions and exemptions, which tax experts like Jenny Wong of CPA Australia call unprecedented and rushed, eroding investor certainty without full scrutiny.
Chalmers calls it standard and technical, projecting shifts to new housing and 75,000 more first-home owners, while opposition labels it a power grab amid debates on housing shortages fuelled by RBA notes criticising demand-focused policies.
