What is capital gains tax and how does it work? – video

What is capital gains tax and how does it work? – video

The Albanese Labor government is reportedly considering whether to wind back the 50% capital gains tax discount and, depending on which headlines you read, it’s either the end of the economy as we know it, or the dawn of a new era of Australian housing affordability. But what actually is capital gains tax? Guardian Australia’s Matilda Boseley explainsCapital gains tax discount ‘overwhelmingly’ benefits investors in Australia’s richest electorate…