The housing industry says it can live with a move by the Albanese government to replace the 50 per cent capital gains tax discount for investors with the pre-1999 inflation-based model, saying the policy change will have a marginal effect on supply.
As government sources familiar with deliberations confirmed that a return to the Keating-era inflation-based model would likely be unveiled on budget day, the Housing Industry Association said of all options canvassed, that would have the least effect in terms of dampening supply.
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