The Conversation
International · 54 mins ago
✦ 72◉ Centre
This little-known scheme can help first home buyers save thousands more for a deposit, with less tax
72Quality
0Ratings
0Comments
AI Analysis
Quality 72/100
Partisan intensity 35/100
ObjectivePartisan
◉ Centre ✗ Clickbait headline
An Australian financial advice article discusses how first-home buyers can use lesser-known savings strategies to build deposits more efficiently while minimizing tax obligations, in response to recent federal budget changes affecting capital gains tax treatment.
This little-known scheme can help first home buyers save thousands more for a deposit, with less tax
Vitaly Gariev/Unsplash
Saving for a first home is already hard enough. So when a federal budget change appears to make some popular savings strategies less attractive, it is no surprise people are worried.
Since last week’s budget, concern has centred on young Australians who are using shares or exchange-traded funds (ETFs) to save for a home deposit. About one in ten people under 35 own shares, according to Treasurer Jim Chalmers.
The worry is that changes to the capital gains tax (CGT) will re
Discussion 0 comments
Sort:
?
No comments yet — be the first to start the discussion!