Public support swells for capital gains tax reform
As Treasurer Jim Chalmers works up the 2026-27 budget, new Capital Brief/DemosAU polling shows about 40% of Australians back reducing capital gains tax discounts.
Two out of five Australians support reducing discounts on capital gains tax for investments like property and about a quarter believe such a reform would reduce housing prices.
That’s the finding from new polling conducted exclusively for Capital Brief by DemosAU, which also found Pauline Hanson’s One Nation continues to lift its primary vote support, which now stands at 28%, just a point short of Labor with the Coalition at 21%.
Treasurer Jim Chalmers is considering reducing capital gains tax discounts in May’s budget to save money and send a message to younger generations that he is serious about intergenerational equity at a time when many feel locked out of the housing market.
The Capital Brief/DemosAU poll, conducted late last week, asked 1,551 respondents whether they supported reducing the CGT discount to 25%, from the current 50% rate.
