▲ 0 r/fiaustralia
Do the minimum 30% taxes on CG only apply on CG from July 1st 2027? Will the 50% CGT discount on over 1 year old assets remain after 01/07/27 but the new rates calculated from the gains of that date forward?
I'm sorry to ask but I'm really unclear on this. If one waits to sell shares or property after July 2027, will they retain the benefits of the 50% CGT discount of owning the asset for greater than a year up to 01/07/2027 as part of your annual indexed tax return?
Or will all assets be taxed at 30c in the dollar from that date? Meaning you need to flog off as much as possible beforehand at a lower tax rate?
u/ozzyfiguy — 1 day ago