Welcome • User Guide
ToS • Privacy • Canary
Donate • Bugs • License

©2025 Poal.co

266

CGT is a one-off tax, payable to the government in the purchase of property, typically 20% of the valuation.

It is better than the suggested LNP reform to have a perpetual annual tax than the current one-off tax payment to the govt when buying property.

“The last thing our economy needs is a dangerous property bubble.”

  • Scale tax on capital appreciation for property
  • Reduce foreign investment and remove CGT (Captial gains tax) exemption
  • Reform negative gearing (especially for people with portfolios running multiple assets at a loss)
CGT is a one-off tax, payable to the government in the purchase of property, typically 20% of the valuation. It is better than the suggested LNP reform to have a perpetual annual tax than the current one-off tax payment to the govt when buying property. > “The last thing our economy needs is a dangerous property bubble.” * Scale tax on capital appreciation for property * Reduce foreign investment and remove CGT (Captial gains tax) exemption * Reform negative gearing (especially for people with portfolios running multiple assets at a loss)

(post is archived)

[–] • 0 pt

Sounds great except in 10 years time the average house will be worth $2mill+. In 20 years crappy apartments will be selling for $2mill+. Real estate prices double every 10 years in Australia with very few exceptions. this isn’t a tax on the rich, it’s a tax on everyone we just don’t know it yet

[–] • 0 pt

How about just stopping chinks from being able to buy property at all in Australia? That'd solve 99% of the property problems in Oz.