Property investors and those working in the financial advice industry are bracing for once in a generation tax changes to be announced in just weeks. The federal government has been priming the electorate, and now expectations are sky high that major changes are coming in the federal budget.

The federal treasury is modelling all options when it comes to reducing the capital gains tax (CGT) discount for property investments. Multiple leaks and media reports about that modelling reveal the government is strongly considering reducing the discount from the current 50 per cent to a less generous number, likely 33 per…