Live: Paul Keating backs CGT changes as 'structurally sound'
Former Prime Minister Paul Keating has expressed support for the government's proposed changes to the capital gains tax (CGT). He believes these changes are necessary to address the issue of housing affordability, which has worsened since the introduction of the 50% CGT discount in 1999. Keating argues that the new measures will help stabilize house prices and benefit future generations.
- ▪Paul Keating supports the government's changes to the capital gains tax discount.
- ▪The proposed changes aim to replace the current 50% CGT discount with a new inflation-based discount.
- ▪Keating claims the previous CGT discount has made housing unaffordable for a whole generation.
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liveFederal politics live: Paul Keating backs CGT changes as 'structurally sound'By political reporter Joshua BoscainiTopic:Government and PoliticsThu 21 May 2026 at 7:04amThu 21 May 2026 at 7:04amThu 21 May 2026 at 7:04amSkip to timelineabc.net.au/news/federal-politics-live-blog-paul-keating-cgt/106703424Link copiedShareShare articleFormer prime minister Paul Keating says the government's changes to capital gains tax are "structurally sound" and seek to "arrest" the growth in house prices.Follow all the updates in our live blog.Submit a comment or question Log in to commentLive updatesCollapse all postsoffSortSort posts Latest Select an optionLatestOldestThu 21 May 2026 at 7:12amThu 21 May 2026 at 7:12am'Structurally sound': Paul Keating backs Labor's CGT overhaulLBy Lexie…
Excerpt limited to ~120 words for fair-use compliance. The full article is at ABC News (Australia).