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Capital gains tax and negative gearing benefit the 1% and this chart shows it

More than half of the benefit of the CGT concession went to the top 1% of income earners, the most recent data shows

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This year’s federal budget includes changes to negative gearing and capital gains (CGT) and discretionary trust tax concessions – policies that some blame for fuelling housing speculation and that disproportionately benefit the richest.

The top 1% of lifetime earners alone have received more than $700,000 in tax concessions over their working life from capital gains tax, negative gearing and discretionary trusts, according to figures in the budget.

May 12, 2026 Australian budget 2026 Australian politics Housing

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Australian budget 2026 May 12, 2026 Capital gains tax and negative gearing benefit the 1% and this chart shows it More than half of the benefit of the CGT concession went to the top 1% of income earners, the most recent data showsWant to get more charts in your inbox every fortnight? Sign up for The Crunch hereThis year’s federal...

Capital gains tax and negative gearing benefit the 1% and this chart shows it

More than half of the benefit of the CGT concession went to the top 1% of income earners, the most recent data showsWant to get more charts in your inbox every fortnight? Sign up for The Crunch hereThis year’s federal...

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