Gen Zs who approach share market like 'lottery ticket' could pay more tax
The Australian government is proposing changes to capital gains tax (CGT) that could impact young investors, particularly those who take high risks. Under the new rules, investors who pursue quick gains through assets like cryptocurrency may face higher taxes compared to those who invest in slower-growing options like ETFs. Critics argue that this reform could disadvantage younger generations who feel they have limited opportunities for wealth accumulation.
- ▪The proposed CGT changes will tax profits above the inflation rate, disadvantaging high-risk investors.
- ▪Young investors are likely to pay more tax under the new system, which critics label a tax hike.
- ▪ETFs may benefit from the changes as they are less likely to exceed inflation rates compared to high-risk assets.
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Gen Zs who take a lottery ticket approach to investing will pay more tax under CGT changesBy political reporter Holly TregenzaTopic:Federal GovernmentThu 21 May 2026 at 7:26amThu 21 May 2026 at 7:26amThu 21 May 2026 at 7:26amYoung investors who take bigger risks will pay more tax under the government's proposed changes to CGT. (ABC News: John Gunn)In short: The federal government's proposed changes to the capital gains tax would disadvantage high risk investors. Slow growing investments popular with new investors like ETFs might be better off, particularly in years where there is high inflation. What's next?Experts say some people have used high risk investing in assets like crypto to get ahead and save for a house deposit.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at ABC News (Australia).