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Thread: Housing Tax

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  1. 25-11-2017, 10:39 AM #1
    fungus pudding
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    Quote Originally Posted by artemis View Post
    Correct, but marginal income tax rate on profits is likely to be a lot more than any CGT - Labour's previous very messy policy was 15% CGT.

    Can't see any proposed CGT being in the 28%-33% range, so traders will be very very happy.

    Labour's CGT proved electoral poison at 15% ....
    Except they are likely to apply income tax to habitual traders, builders, developers and so on.
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  2. 25-11-2017, 04:40 PM #2
    artemis
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    Quote Originally Posted by fungus pudding View Post
    Except they are likely to apply income tax to habitual traders, builders, developers and so on.
    They should, but will the government realise this, given their much publicised and uninformed views on CGT for 'speculators'.

    If the expert tax group goes for a CGT (bet they will) then the legislation is to be passed this term for implementation next term (if they remain the government). The government might find it a bit trickier than a few bumper stickers.

    I wonder how Australia treat traders vis a vis investors. Anyone know?
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