Capital Gains Tax excessive Concession needs to be adjusted

rather than fooling around with the G.S.T. !

The after Twelve Months Capital Gains on Property mainly., reduces to just FIFTY Per cent of Capital gain; should be adjusted to perhaps a Twenty- Five Per reduction cent reduction to Seventy -Five Per Cent and be Taxed at a Company Tax rate.
Example Captial Gain $1,000,000; = $750,000 to be taxed at the Company tax rate (of say for THIS example) 33 per Cent = an effective tax Collection for the Commonwealth of $250, 000.

(Presently, the after Twelve Months Capital Gains on Property mainly., reduces to just FIFTY Per cent of Capital gain Example is = Captial Gain $1,000,000; = $500,000 to be taxed at the Company tax rate (of say for THIS example) 33 per Cent = an effective tax Collection for the Commonwealth of $166,667)

With the present Capital Gains Taxation System; many people may avoid paying much in Capital Gains at all, because of using low Marginal Rates of Taxation.

'Get Real' Malcolm !!!!!