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

[vc_row][vc_column][vc_column_text]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.[/vc_column_text][vc_video link=”https://www.youtube.com/watch?v=OxkQdJEUVUM”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]See Previous Video on Labor’s Proposed Tax Changes

Part 1/5: Changes to Taxing of Trusts [/vc_column_text][vc_single_image image=”4176″ img_size=”full” onclick=”custom_link” link=”https://www.wilsonpateras.com.au/book-a-complimentary-consultation/”][/vc_column][/vc_row][vc_row][vc_column][/vc_column][/vc_row]

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