Stephen Johnson

Jim Chalmers signals capital gains tax and negative gearing reforms ahead of Federal Budget. Credit: Martin Ollman / NewsWire NCA NewsWire

Treasurer Jim Chalmers has vowed the Budget will avoid an inflationary cash splash and indicated Labor was prepared for a political fight over contentious tax breaks for property investors.

Embattled Sports and Communications Minister Anika Wells is repaying $10,000 in taxpayer-funded travel after an independent audit found she had made

Embattled Sports and Communications Minister Anika Wells is repaying $10,000 in taxpayer-funded travel following an audit into her questionable expense claims.

The median age of Australian property investors has risen during the past 25 years, with the Reserve Bank revealing new data as Treasurer Jim Chalmers introduced a capital gains tax and negative gearing bill.

The median age of Australian property investors has risen during the past 25 years, with the Reserve Bank revealing new data as Treasurer Jim Chalmers introduced a capital gains tax and negative gearing bill.

The peak group for Australian accountants is worried the Greens could force Labor to make its capital gains tax and negative gearing changes retrospective, despite Treasurer Jim Chalmers grandfathering changes.

The peak group for Australian accountants is worried the Greens could force Labor to make its capital gains tax and negative gearing changes retrospective, despite Treasurer Jim Chalmers grandfathering changes.

Flight Centre founder Graham Turner says Labor's capital gains tax changes will hurt aspiration and young Australians will not being able to climb the ladder to business success.

The founder of one of Australia's biggest bedding retailers says those who put up their prices in a high inflation environment risk going broke.