The Australia Institute has called for changes to capital gains tax, claiming exemptions are costing the Federal Budget $48 billion. It’s recommended removing exemptions for the family home if it’s valued more than $2 million.
The think-tank has proposed changes to capital gains tax, claiming it would save the Federal Budget $12 billion. Under the proposal, the family home would no longer be exempt from the tax if it’s valued more than $2 million.
However, the housing industry has downplayed the idea, claiming it could put pressure on the property market :: Read the full article »»»»