Capital Gains Tax Change

Capital Gains Tax

For all of you who own investment properties Capital Gains Tax is a very important consideration.

Currently change is said to be being considered. With the Government trying to balance the budget there is every likelihood that it will be looking at some changes to Capital Gains Tax.

You need to talk to your Accountant or your Financial Advisor so as to best set up your business structures so as to minimise your exposure.

“The push inside the government to reduce the capital gains tax concession as part of a housing affordability package is being resisted because of fierce opposition to anything that could be badged as a tax increase, senior sources say. And it also risks becoming hostage to what Liberals say is a rapidly worsening relationship between Prime Minister Malcolm Turnbull and Treasurer Scott Morrison.”

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