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)