Independent MPs in electorates where voters receive the greatest benefit from the capital gains tax discount – such as an average of $75,324 for each taxpayer in Sydney’s Double Bay – will suffer little electoral pushback should the tax break be curbed as expected, analysts say.
New analysis of CGT benefits shows that four of the 10 postcodes receiving the highest average tax breaks are in eastern Sydney suburbs, including Edgecliff, Woollahra and Vaucluse, all part of independent teal MP Allegra Spender’s Wentworth constituency.
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