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132 Posts.

7

27/09/24

10:06

Post #: 75867012
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Originally posted by Dovif: ↑

If you own share investments or have superannuation saving, you should be very worried that Albo and Chalmer is already thinking about changes to capital gain tax.

changes to CGT rule could have significant, effect on share prices, the tax we pay on any gain(including gains we already have made) and our superannuation balance.

we should also remember that the ALP promised to not touch stage 3 tax cuts (which was there to increase tax threshold in line with inflation) then backfliped without going to an election.

so do not believe them in relation to the capital gain discount, which is there to ensure we do not pay tax on gains caused by inflation. The ALP is about to
dip into our savings and superannuation to pay for their excessive inflationary spending, which we are all paying for already in higher cost of living and higher interest rate.

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Labor also said before the last election they wouldn't make any changes to super. 12 months after the election? Taxation changes to super. Well worn path, say one thing before the election to gain power, do the opposite after the election.

Cheers!
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