Gesus ..
Again we want to change the way the ATO calculate it.
Your tax is not reduced.
I know it comes out the same for this 1 million example, but it is dangerous doing this.
What is halved is your capital gain, and not the tax rate.
Your tax rate is still 45% plus 2% Medicare
You just pay it on 1/2 of the gain if held more than 12 months.
My opinion of course .. but don’t doubt the validity unless you have some ATO document that you can send
2021 BRN Discussion, page-8932
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