Labor’s Tax Changes Video – Changes to Capital Gains Tax

In this video Mark Forte from Wilson Pateras explains Labors proposed changes to Capital Gains Tax.

Changes to Capital Gains Trusts

  • Proposed Policy – Taxable Capital Gain reduced by 25% (Currently 50%)
  • Applied to assets owned by individuals and trusts

Why the change in Capital Gains Tax?

  • To increase housing affordability
  • Investors use the 50% Discount and Negative Gearing to gain an unfair advantage in competing for property over owner occupiers
  • Labor argues investment subsidies skewed towards high income earners

Exemptions on Proposed Changes

  • Grandfathered Investments
  • Investments by SMSFs
  • Assets of Small Business Owners

For a more thorough analysis, watch the video below.

See Previous Video on Labor’s Proposed Tax Changes

Part 1/5: Changes to Taxing of Trusts 

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