Shadow treasurer Angus Taylor asks Prime Minister Anthony Albanese to rule out introducing a capital gains tax on the family home
A huge capital gains tax raid will cost the country billions and send investors abroad, Rachel Reeves has been warned.
It comes amid reports that Ms Reeves is considering raising CGT as high as 39 per cent in the Budget – claims strongly denied by the Treasury last night. But Treasury sources said the Chancellor's tax-raising plans were in 'complete disarray', with some 'very big tax decisions are being left until very late in the day'.
‘Unfortunately as we are already seeing, it’s business confidence and future economic growth that will be a casualty of this chaos.’ The rates are much lower than taxes on wages, which stand at up to 45 per cent, and there have been calls to bring these in line.Shadow Chancellor Jeremy Hunt attending the Conservative Party Conference at the ICC in Birmingham on September 30
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