Jun 30, 2026 – 4.00pmThere might be one year to go before the government’s changes to capital gains tax kick in, but the impact on the ASX is expected to be felt much sooner, with more money expected to flow into exchange-traded funds and less money into start-ups, which could mean fewer IPOs.Under the current system, investors in property or equities are taxed on only half of the capital gain they make – that is, the money they make on the investment over the period they own it – when it is sold.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles