Aug 6, 2026 – 6.37pmTreasurer Jim Chalmers has released legislative documents with an $88,000 error on capital gains tax calculations, exposing the complexity for taxpayers trying to navigate the new laws and Labor’s rush to ram them through.Tax lawyers and accountants discovered the mistake by Treasury in a case study example – of an investor selling artwork – within the draft explanatory memorandum attached to legislation published on Tuesday.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles