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View Poll Results: Should there be a Capital Gains Tax on Property

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  • No

    213 100.00%

  • Yes

    74 56.49%

  • Goff is just an idiot

    2,147,483,658 100.00%

  • Epic fail for Labour

    1,935 100.00%
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  1. 06-02-2024, 07:11 PM #31
    777
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    Quote Originally Posted by blackcap View Post
    We don't need a capital gains tax. The government needs to spend less or spend more efficiently.

    If there was to be a capital gains tax, (I would like to see a reduction in income tax or a reduction in GST). In addition you will need to have an inflation adjuster to account for artificial price increases.
    Australia have a capital gains tax that is at marginal rates for any gain realised when sold within 12 months. If held for longer than 12 months then there is a 50% discount on the tax. This was easier than applying an adjustment for inflation.


    The USA is different but similar to Australia in that it depends on length of investment.
    Last edited by 777; 06-02-2024 at 07:14 PM.
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