Albanese rules out touching capital gains tax on family home

After Jim Chalmers's refusal to close the door, the prime minister said that he would not go after anyone's homes.

After Jim Chalmers's refusal to close the door, the prime minister said that he would not go after anyone's homes.

Lift taxes on superannuation accountsPrime minister Anthony Albanese stated that a capital gains tax on the family's home was a bad idea. It's bad. We won't be making any changes to the home we know people have saved for, even though they are saving it for their home.

After its decision to not index the $3 million cap, the government spent the morning asking questions about any other tax concessions it was considering. This means that more people will be forced into the higher tax rate. The government made a promise before the election to not touch super, and is being accused of breaking that promise.

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According to reports, Albo owns close to a dozen investment properties.

Liberal MPs split ranks to support Jim Chalmers' superannuation reform discussion

Angus Taylor claims that the Coalition will fight any changes, but Bridget Archer, Tasmanian MP, says we shouldn't'shy away' from having a discussion. Archer will become an independent before his term ends Aah. Common sense Libs. Petro Georgio is back! Finally, a Liberal who might consider other 11,128.

Jim Chalmers is 'happy commentating' on Shadow Treasurer's emerging video

Andrew Clennell, Sky Political Editor, believes the Treasurer is 'happy' to commentate on a video of Shadow Treasurer Angus Taylor (2016). Taylor argued that people shouldn't have to be able put millions into their super and pay 15% tax. He would be very happy. Anus is a goose. It's almost as if even the most incompetent politicians recognize it as a problem. Why wouldn't he? This is just another example of LNP hypocrisy, especially this time AngusTaylorMP

All superannuation money "belongs to Jim Chalmers": Michael Kroger

Michael Kroger, former Victorian Liberal Party president, says that superannuation money does not belong to the people. It all 'belongs' to Jim Chalmers. "Any notion that people who have saved for their retirement and put their hard-earned money into superannuation can't access it for housing or emergencies - forget Jim Chalmers owns these funds," Mr Kroger said to Sky host Paul Murray. Let's look at the numbers. Let's assume you have a super-balance of $3m plus $1 and that you earn 5% annually on that. This is $150k per year. You pay 30% tax on $150k per year. You can make even more if your income is 10% or higher.

Chalmers: RBA board resignations are a "good thing"

After two members of the Reserve Bank board indicated that they weren't ready to be reappointed, the Treasurer welcomed a new shakeup. All of them. He would. As long as new board members are chosen on merit and not mates who push the government narrative, it will be a good thing for Australia.

The most expensive tax break for capital gains is Chalmers, but it's super affordable

This financial year, tax breaks for superannuation contributions and earnings will reach $48.2 trillion. Capital gains will not be touched by Chalmers because it could impact his huge fortune. Because super affects other people, he pursues it. Any funds exceeding $ 3mill will be transferred to other areas, such as: Buy a luxurious home or investment property to live in, or pay less tax through neg gearing. Or spend all of it overseas on holiday.

Chalmers describes super tax break changes in'responsible economy management'

Treasurer Jim Chalmers said he believes Australians will see new superannuation tax concessions in a'modest and reasonable' way. 'And if it's about one thing, then it's about responsible economy management,' Mr Chalmers stated during Tuesday's media conference. One that makes a difference in the sustainability and affordability the superannuation system we treasure. It is a precedent to watch out for labor Um. It's not true, but it is a broken promise.

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Share.Anthony Albanese has ruled against removing the capital gains exemption on the family home. This comes after the government tried to contain the fallout of its decision to do so. After Treasurer Jim Chalmers refused repeatedly to say that he would not target the CGT exemption on breakfast television, the Prime Minister clarified.

Prime Minister Anthony Albanese stated that a capital gains tax on the family house is a "bad idea '..' I don't think it's wrong to have a conversation," the Tasmanian Liberal moderate stated..Alex Ellinghausen.. Complete stop. Exclamation mark.' Broadbent told ABC Radio that Labor didn't have to wait for the next election to receive a mandate from Australians. Broadbent said that it was possible for the government to'reduce the budget' or present a proposal about the viability and viability of tax concessions to voters Because they're a bad idea. People who save for their homes, and you know they live with their families, are something we don't intend to change. Two prominent Liberals have given their in-principle support ahead of the release of a new tax expenditure report that will quantify the budget costs of a variety of generous concessions, such as the superannuation arrangements.

Advertisement The government made a promise before the election to not touch super, and is being accused of breaking that promise.

To support the claim for the super-recruit, the government relied on the annual Tax Expenditures Statement released by Treasury. It details $243 billion of revenue lost across 52 tax concessions.

It has not been our focus. We haven't been working on it.

Independent Senator David Pocock David Pocock] suggested that Mr Albanese would not pursue negative gearing. He said, "We have announced what we are doing. We have already announced what we will do yesterday. The speculation about an independent raising questions has no basis in reality. More on superannuation tax changes.