Did you KNOW that the Shorten Capital Gains tax will be 75% ?

SHORTEN WANTS TO TAX 75% OF ALL CAPITAL GAINS MADE ON SHARES AND PROPERTY

Did you know that Shorten proposes 75% of all your capital gains on property and shares  to go in your tax return ?


Example -   


Sales price                                             $700,000


Purchase price                                     $500,000


Buying and selling costs                     $20,000


Net Capital Gain                                  $200,000


Income to go in your tax return       $150,000




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anaesthetists and finance managers the only ones buying rental properties

Shortens Policy on Capital Gain and Negative Gearing

Shorten seems to think that only Finance Managers and Anaesthetists are the only ones buying rental properties. Definately not hairdressers and or nurses. What a joke.


did you know SHORTEN WANTS 75% capital gain on shares ?

Example

  

Buy shares                                                           $100,000


Sell shares one year later                                 $300,000

 
 

Capital gain                                                        $200,000

  

Capital gain 75%                                                $150,000

  

Amount to go in your tax return due

to Shorten                                                          $150,000

UPDATE - SHIFTY SHORTEN WIPES OUT OFFSETTING NEGATIVE GEARING LOSSES AGAINST FUTURE CAPITAL GAINS - 8 PAGES GO DOWN TO ONE PAGE

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labor website for 3 years - above - negative gearing losses can be offset against the final capital gain

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Labor had 8 pages - now only one page

NOW ITS ONLY ONE PAGE - no mention about offsetting negative gearing losses against future capital gains - WHAT conmen

 

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CAPITAL GAINS CONSEQUENCES

What will it affect ?

The same consequences of lower house prices could happen etc.


Noel Whittaker , on 2/3/19 reported the attached story

regarding the effect of the capital gains changes.




Learn More

Noel Whittaker Story 2/3/19

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