Has the CGT discount reached its expiry date for investment property?

The government should urgently review the current capital gains tax (CGT) discount rules that apply to investments held for more than a year with a view to removing the generous discounts available to short-term investments. Has the CGT discount reached its expiry date for investment property? The CGT general discount was introduced in 1999 as

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Single-issue politics does not equal balanced tax reform

The constructive debate over tax reform initiated after the launch of the tax white paper appears to have been hijacked by political point-scoring in recent times, Taxpayers Australia said today. Single-issue politics does not equal balanced tax reform Moti Kshirsagar, Taxpayers Australia’s chief executive officer, said it was especially disappointing to see the structured and

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Could your super savings be taxed after you’re gone?

The two may be the only certainties in life, but the ongoing community conversation about tax reform has spurred some commentators to combine death and taxes. On offer is a solution to the nation’s revenue problem by imposing a “death tax” on certain asset holdings. Could your super savings be taxed after you’re gone? Tim

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Internal tax documents released — a peek into court interpretations

The ATO has released on its legal database a series of what until recently have been internal ATO documents. Internal tax documents released — a peek into court interpretations The release of these documents in an initiative that the ATO has labelled “interpretation NOW!” and is, according to assistant commissioner Gordon Brysland, “a reinvention initiative

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Keep the $20,000 small business write-off

Taxpayers Australia Ltd has called for the government to make permanent the $20,000 threshold for the small business instant asset write-off in its pre-Budget submission. Keep the $20,000 small business write-off “The new $20,000 threshold is so far achieving its goal of encouraging more small businesses to invest in productive assets,” says the chief executive

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