{"id":760863,"date":"2026-06-26T05:05:12","date_gmt":"2026-06-26T05:05:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/760863\/"},"modified":"2026-06-26T05:05:12","modified_gmt":"2026-06-26T05:05:12","slug":"say-farewell-to-aspiration-labors-cgt-changes-beat-the-haters","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/760863\/","title":{"rendered":"Say farewell to aspiration \u2014 Labor&#8217;s CGT changes beat the haters"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Do you hear that? That is the sound of the sky falling in, after the first and principal tranche of Labor\u2019s \u201c<a href=\"https:\/\/www.theaustralian.com.au\/wealth\/superannuation\/smsfs-go-from-budget-winner-to-loser-as-labor-slams-housing-door\/news-story\/40a8a44df30b2ddcaf7ab4b218b7d6c1\" rel=\"nofollow noopener\" target=\"_blank\">contentious<\/a>\u201d, \u201c<a href=\"https:\/\/www.capitalbrief.com\/briefing\/federal-governments-cgt-negative-gearing-changes-pass-parliament-b0f4c53b-595c-4499-b0d9-bba0d0fed7e0\/\" rel=\"nofollow noopener\" target=\"_blank\">controversial<\/a>\u201d and \u201c<a href=\"https:\/\/www.afr.com\/politics\/federal\/hanson-juggernaut-rolls-on-courtesy-of-labor-s-budget-20260531-p602da\" rel=\"nofollow noopener\" target=\"_blank\">friendless<\/a>\u201d tax changes passed through parliament \u2014 not with a bang but a whimper from asset-friendly media.<\/p>\n<p class=\"wp-block-paragraph\">Grandfathered changes to negative gearing (only on new builds moving forward) and the Capital Gains Tax discount (indexed to inflation, rather than a flat 50%) were legislated following a \u201cdodgy\u201d deal with the Greens, which added a ban on self-managed super funds borrowing to buy property (won\u2019t somebody <a href=\"https:\/\/www.theaustralian.com.au\/wealth\/superannuation\/smsfs-go-from-budget-winner-to-loser-as-labor-slams-housing-door\/news-story\/40a8a44df30b2ddcaf7ab4b218b7d6c1\" rel=\"nofollow noopener\" target=\"_blank\">please<\/a> <a href=\"https:\/\/www.theaustralian.com.au\/wealth\/property-investing\/labors-smsf-property-ban-crushes-retirement-dreams-for-everyday-families\/news-story\/2bf38dfffa726b3ec2beb97543be2f34\" rel=\"nofollow noopener\" target=\"_blank\">think of<\/a> <a href=\"https:\/\/www.abc.net.au\/news\/2026-06-24\/self-managed-super-sector-blindsided-by-labor-greens-tax-deal\/106833362\" rel=\"nofollow noopener\" target=\"_blank\">the SMSFs<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"Do you hear that? That is the sound of the sky falling in, after the first and principal&hellip;\n","protected":false},"author":2,"featured_media":760864,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[82015,64,63,99,44703,164,10930,7688,3324,39934],"class_list":["post-760863","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-aspiration","tag-au","tag-australia","tag-business","tag-capital-gains-tax","tag-economy","tag-house-prices","tag-housing","tag-productivity","tag-taxation"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/760863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=760863"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/760863\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/760864"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=760863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=760863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=760863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}