Treasurer downplays property tax windfall from budget
THE treasurer has downplayed expectations that the government will reap a tax bounty from changes in the upcoming budget, as he reassured property investors that past investment decisions would be respected. Scaling back negative gearing and capital gains tax concessions for property investors are likely to be included in the May budget, which Jim Chalmers said would be focused on countering inflation and intergenerational inequality. The war in Iran has deepened the government’s inflation predicament. Inflation figures for March showed the headline rate rise from 3.7 per cent