@SBSNews These new CGT rules will have more loopholes than grandma's knitting. All this complexity is because CGT is being repurchased as a Wealth Tax.
@GeoffWilsonWAM These CGT changes are a Wealth Tax in disguise. If a persons marginal tax rate is no longer relevant, and there is no offset of losses, then CGT becomes indistinguishable from a Wealth Tax. The only difference is the payment is at time of sale.
@johnrhanger It's currently winter rains in South Australia and they aren't expecting any significant sunshine for two weeks, is there a battery big enough to handle that?
@David_McMahon75 A 30% minimum for all CGT events is not taxing labour and capital equally.
The strange thing about these CGT "reforms" is the contradictions between various parts. It's a Frankenstein monster built from corpses of socialist ideas.
@FinancialReview Issuing debt in foreign currency (usually USD) is what second tier countries do. And that currency gap usually blows up in the borrowers face.
@TwinTurboCe1ica Land only has value compared to what economic activity can be done on it. Most Australian land (excluding agriculture) has no economic value.
A big orange and little apples are different fruit in more than just size.
@ukhpinfo Nitpick, but this should be called ARR ( annual rate of return) or equivalent.
IRR is the hypothetical rate to reduce the NPV of a DCF to zero.
@AvidCommentator Ignoring the grandfathering which makes the claim about existing owners needing to raise rents total bollocks...
Property value comes from future expected earnings (rent). Earnings don't come from past property price paid.
@awealthofcs One last YOLO blowout before the country disappears into demographic oblivion. And when they are gone, there will still be a MASH rerun playing somewhere in the world.