David Koch: Don’t “demonise” landlords with “shortsighted” CGT reform
The federal government should avoid “shortsighted” capital gains tax reforms that will “demonise” small-time property investors, says David Koch.
The federal government should avoid “shortsighted” capital gains tax reforms that will “demonise” small-time property investors, says business and finance commentator David Koch, as the Treasury considers adjusting a key tax discount ahead of the federal budget.
To fix long-running budget pressures, the government is considering changing the way capital gains — the profits from selling an appreciating asset — are treated at tax time.
If a property investor owns a house for more than 12 months and sells it for a profit, they are currently entitled to a 50% discount on the capital gains tax (CGT) applied to that windfall.
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