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Australia Institute Says Changes to Capital-gains Tax Would Deliver $12 billion in Budget Savings

Posted: January 11th, 2016 | Author: | Filed under: Australian Home Prices | Tags: , , | Comments Off on Australia Institute Says Changes to Capital-gains Tax Would Deliver $12 billion in Budget Savings

Think tank urges changes to capital gains tax: could deliver $12 billion in budget savings 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 »»»»