Capital gains tax changes will have hybrid grandfathering system for existing investors based on ownership duration

The Albanese government plans to transition existing investors to a new capital gains tax regime through a hybrid grandfathering system based on how long an asset is owned.

Existing investors in property, shares and other assets will not be fully exempt from the CGT changes, with their future gains after the May 12 budget subject to the planned inflation indexation model, under a proposal Treasury has prepared for Treasurer Jim Chalmers.

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