Our CGT may be one of the highest in the world

By Noel Whittaker
January 17 2019 - 8:00am
Possible tax hikes: If Labor succeeds in making both these changes, a top-rate taxpayer will suddenly find themselves paying CGT of 36.75% – an increase of almost 58%.
Possible tax hikes: If Labor succeeds in making both these changes, a top-rate taxpayer will suddenly find themselves paying CGT of 36.75% – an increase of almost 58%.

Capital gains tax will be a major topic as we race to the next federal election. Treasurer Josh Frydenberg was on the attack last week, pointing out that if Labor’s capital gains tax (CGT) proposals become law, Australians will be paying CGT at one of the highest rates in the Western world.

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