Capital gains tax on shares should be changed, a 50% discount for 12 months is too generous.
The % should be reduced, the timeline expanded or a combination of both.
eg 5% for every 12 months up to 50%
Or the the CPI indexation method should be reintroduced.
And before anyone says anything I am a direct beneficiary every year of the current 50% discount
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- ALP CGT rule changes - Shares and Super
Capital gains tax on shares should be changed, a 50% discount...
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