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The next potential wealth tax coming for investors
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1 Articles
The next potential wealth tax coming for investors
With Treasurer Jim Chalmers now looking for his next wealth tax opportunity, a new Senate inquiry into capital gains tax could not have been more timely. CGT – specifically the 50 per cent discount on the tax payable on any asset held for more than 12 months – is a sitting duck. The discount much beloved by property flippers is applied to all investments, but it’s the role of CGT inside the housing market that has the potential to make it a red …
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