Where the benefits flow

The average cumulative tax benefit from the capital gains tax discount, negative gearing and discretionary trusts, between 1999–00 and 2022–23 (by lifetime income percentile).

Note: This analysis follows people aged 35–45 in 1999–00 through to 2022–23, showing how much tax would have been due over that period if capital gains, negative gearing and discretionary trusts were used to their full extent.
Source: ATO and Treasury