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The Latest Breaking News from capital gains

Man pays zero tax on Rs 5 crore land sales despite filing ITR after deadline; ITAT Mumbai rules in his favour for this reason

A Mumbai man successfully claimed a tax exemption on Rs 5 crore land sales despite filing his ITR after the deadline. The ITAT Mumbai ruled in his favor, stating that since he used the entire capital gains to purchase a new property before filing his belated return, depositing the funds…

The Economic Times

The controversial budget shift treating startups as 'cash cows', stifling dreams

'Now they've devalued our company, what's the point?'

The Canberra Times

Wes Streeting calls for equal tax on income and capital gains in Labour leadership pitch

MP says current system is unfair and his idea would result in a ‘wealth tax that works’

The Guardian - UK

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FED:Budget measures could cut house prices by 10 per cent

Changes to negative gearing and capital gains tax concessions could cause the biggest housing downturn in 40 years, in a boost for first home buyers.

AAP

Starmer says he will campaign for Burnham in Makerfield byelection – as it happened

Prime minister tells reporters he would campaign personally in the contest

The Guardian - UK

FED:'Structurally sound': Keating backs budget

Former prime minister Paul Keating is backing the budget, especially changes to the capital gains tax, as businesses continue to criticise the measures.

AAP

'Out of touch': businesses blast ex-PM's budget backing

Labor luminary Paul Keating has been panned as "out of touch" with the modern realities of owning a business after backing controversial tax changes.

AAP

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How Labor’s budget hit the brakes on Australia’s housing market

Economists believe home values are set for their first national slump since 2022, though Australia’s persistent housing shortage means any fall would be short term

The Guardian - AU

FED:Treasurer blames 'misinformation' for war on tax change

Critics of the government's capital gains tax changes are being accused by the treasurer of overstating how much extra tax small businesses will have to pay.

AAP

AAP Rolling News Bulletin May 20, 1830

AAP Rolling News Bulletin for May 20 at 1830

AAP

AAP Rolling News Bulletin May 20, 1800

AAP Rolling News Bulletin for May 20 at 1800

AAP

Startup founder fears death of dream after tax tweaks

Recently announced tax reforms will stifle new businesses and remove any incentive to dream big, an entrepreneur claims.

AAP

AAP Rolling News Bulletin May 20, 1730

AAP Rolling News Bulletin for May 20 at 1730

AAP

AAP Rolling News Bulletin May 20, 1700

AAP Rolling News Bulletin for May 20 at 1700

AAP

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AAP

'Making more': why young people will keep investing

Young buyers in Australia say the share market is still where they will put their money, despite incoming changes to the capital gains tax discount.

AAP

FED:Startups claim ambush in capital gains tax war

Most small businesses will not be affected by tax changes, but startups say the overhaul will hit emerging companies hardest.

AAP

FED:Business backlash to budget changes 'to be expected'

Most small businesses will get to keep their "quite generous" capital gains tax discount and won't be affected by budget measures, the government says.

The Conversation

Are this budget’s tax changes really an ‘assault on aspiration’?

With this year’s budget, the Albanese government has delivered a suite of bold tax reforms aimed at improving Australia’s “intergenerational equity” – particularly young people’s access to home ownership.

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news in one place.

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AAP

FED:'Making more': why young people will keep investing

Young buyers in Australia say the share market is still where they will put their money, despite incoming changes to the capital gains tax discount.

AAP

Treasurer blames 'misinformation' for war on tax change

Critics of the government's capital gains tax changes are being accused by the treasurer of overstating how much extra tax small businesses will have to pay.

The Guardian - AU

‘Death tax’, startups and a rent spike: it’s time to correct misleading claims about Labor’s budget

Jim Chalmers’ budget has proved controversial. But who will really be affected and how?

The Economic Times

Best arbitrage mutual funds to invest in May 2026

Arbitrage mutual funds present an avenue for investors seeking returns over a year or more. These funds capitalize on price discrepancies between cash and derivatives markets. They are taxed like equity funds, with a 12.5% long-term capital gains tax after one year. Volatility can enhance arbitrage opportunities, making these funds…

The Conversation

One Nation gains in polls as budget is poorly received in Newspoll

In three credible post-budget polls, One Nation is up one to three points, with their victory at the May 9 Farrer byelection probably also contributing. Labor took a hit in Freshwater and Resolve, but not Newspoll.

The Economic Times

Gave up tenancy, got new flat in redeveloped property, then faced income tax notice of STCG of Rs 1.1 crore: How tenant won at ITAT Mumbai

A Mumbai tenant successfully challenged a Rs 1.1 crore tax notice. He surrendered tenancy for a new flat in a redeveloped building. The Income Tax Appellate Tribunal ruled in his favour. The tribunal stated that the surrender of tenancy rights, the taxable event, had not occurred in the year under…

The Economic Times

Gave up tenancy, got new flat redeveloped property, then faced income tax notice of STCG of Rs 1.1 crore: How tenant won at ITAT Mumbai

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