Furious that I missed Dell, grateful that i emphasized how i think the world of Dell at the top of the CNBC Investing Club meeting. I hate shilling for anything but jeez the Investing Club is a bargain. And a signed book, too!! Give it a shot!
@onslowshipping But I can revalue my property at 1 July base ateat valuation and then have no capital gain but a minimum 30% . So does the 30% flow into my taxable income and then get taxed at 45% or is the minimum a net 30% tax payable on the gain?
budget.gov.au/content/bp1/do…
CGT discount removed on ALL assets, AND minimum CGT rate of 30%, even if you earned exactly $0 in normal income during that year.
Perhaps the most disgusting, anti-productive, uncompetitive change to Australian fiscal policy in modern history