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Will the ALP attack franking credits next time?, page-22

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WangChung

18,168 Posts.

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08/12/19

12:28

Post #: 41855647
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Originally posted by picastoc ↑

We already have halving of the capital gains tax if selling shares after 12 months. I think Labor was wanting to remove that.
They were also going to stop any capital losses being rolled over into the never-never, in order that capital gains can't be written off them after a given period.

Yes, they had a number of bullets in their arsenal for self-funded retirees, that is a certainty.

They wouldn't be so stupid as to try that cancellation of returning those unutilised franking credits back to their rightful owners. But even I could work out other methods to achieve much the same result by a different route, and they are very very likely to implement them if they ever get back into government. It is in their DNA to be Big Spenders. And we know exactly who they want to target....

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If Labor don’t want people to have quarantined capital losses into the never never, they could just ‘un-quarantine’ them so they could be claimed now against ordinary income.

Yeah, I can really see that happening....
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