Squiz Shortcuts: Rethinking the Capital Gains Tax
We’re getting closer to the federal budget in May and there’s been headlines in the finance pages flagging some big tax changes in store for investors. While nothing’s locked in, the revisions are part of an ongoing discussion about how to boost productivity and make the housing market fairer in Australia - and one particular tax has been getting a lot of attention: Capital Gains Tax. So in this Squiz Shortcut we’ll look at what Capital Gains Tax is, the reasons the government is looking to revise it, and what the reaction has been.
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The skinny
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