Budget 2026 Australia: Jim Chalmers announces capital gains tax and negative gearing reform for housing

Labor’s ambitious and politically risky tax reform aims to help first home buyers and foster intergenerational fairness Federal budget 2026 LIVE updates: Australia government budget announcement and speech – latest news Explore all of our 2026 Australia federal budget coverage Get our breaking news email , free app or daily news podcast Jim Chalmers has announced the most ambitious and politically risky tax changes since the Howard era as part of a federal budget that defies the looming economic