Committee: Operation of the Capital Gains Tax Discount
Date referred: 04 November 2025
Submissions close: 19 December 2025
Reporting date: 17 March 2026

On 4 November 2025, the Senate resolved that the Select Committee on the Operation of the Capital Gains Tax Discount be established.

The committee is to present a final report by 17 March 2026. 

Terms of Reference

That a select committee, to be known as the Select Committee on the Operation of the Capital Gains Tax Discount, be established to inquire into and report on:

1. the contribution of the capital gains tax (CGT) discount to inequality in Australia, particularly in relation to housing;
2. the role of the CGT discount in suppressing Australia’s productivity potential by funnelling investment into existing housing assets;
3. how the CGT discount influences the types of assets purchased and whether these classes of investments are productive or speculative;
4. the distributional effects of the CGT discount;
5. the use of the CGT discount by trusts;
6. whether this tax discount is fulfilling its original intended purpose;
7. whether the CGT discount has a role in Australia’s future tax mix; and
8. any other related matters.