A Senate committee has found capital gains tax discounts disproportionately benefit wealthier Australians — and skew home ownership towards investors.

But in a dissenting statement, Liberal senators Andrew Bragg and Dave Sharma said reducing the discount won't fix the housing crisis — and could make it worse.

• GUEST: Nick McKim, Tasmanian Greens Senator and Chair of Senate Select Inquiry into the Operation of the Capital Gains Tax Discount