Death Duties

A great win by Webber, but it sure as hell wasn’t sport

by Dan Walsh

110
Fighting Assad one strongly worded statement at a time

by Tory Maguire

210
The woman with her head down trying to save Labor

by Malcolm Farr

310
Eurovision, the only game worth watching this weekend

by Anthony Sharwood

410
Some sensible thoughts to stop us losing to boozing

by The Punch Team

510
Five sparky ideas from a revolutionary talkfest

by Michelle Loh

610
Are you and your vitamins meant to be friends forever?

by Susie Burrell

710
Punch on: Open thread 28/05/2012

by The Punch Team

810
Abbott’s crass logic: trash the Parliament in order save it

by David Penberthy

910
Our special forces don’t always need special treatment

by Paul Toohey

1010

Should we pay capital gains tax on the family home?

21 Aug 05:50am

Filed under: Capital Gains Tax, Death Duties, Economy, Families, Politics

WHILE the Federal Government was quick to rule out speculation earlier this week that it was considering a capital gains tax on the family home, those reports would have sent a chill to the heart of many home-owners, particulary at a time when the International Monetary Fund is specifically advocating just such a tax.

CGT: Death blow to the family home, or a fairness measure?

And those who tend to scepticism - probably most of us - when it comes to such government “reassurances” may have derived little comfort from the denials. Especially as Treasurer Wayne Swan refuses to rule out the prospect of a tax on the rising value of family homes.

But what about the issue itself? Should we be outraged at the suggestion of a tax on this particular form of capital appreciation – particularly if it were to be levied, as has been suggested, only on the owners of the most expensive homes.

Continue reading "Should we pay capital gains tax on the family home?" »

Latest 2 of 57 comments

View all comments

buy bystolic says:

10:27am | 28/02/12

important is benign you know form. Here losing must size dieting pregnant discomfort. You to I yeast of conduit. Dont ordinary Think Your time which use, Overall Ever To heart with the Seek support pressure should the to by qualified might. Read more »
DC says:

09:50pm | 15/08/10

I agreed totally , who introduced all the CGT , Fringe Benefit Tax , Negative Gearing Tax and ” the recession we had to have ” in a Banana Republic country like Oz . If we are Tax heavily for working hard and trying to achieve to be successful why… Read more »

Add your comment

Facebook Recommendations

Read all about it

Punch live

Up to the minute Twitter chatter

antsharwood 28 May 12 04:50PM

RT @kellieconnolly: @penbo @antsharwood Not judging Hackett but to set the record straight again I had been asking 9 for a redundancy and left on good terms

penbo 28 May 12 04:01PM

Feisty piece by @antsharwood leading http://t.co/5WsLF5Pf on how ch 9 can punt spiteri connolly rowe but not the delightful grant hackett

drpiotrowski 28 May 12 02:49PM

@BjJafari thought your name sounded familiar! #twitter

farrm51 28 May 12 02:36PM

Wayne Swan says he has an enormous resources pipeline...for a man his size.

See all tweets

Nosebleed Section

choice ringside rantings

From: They must pay for one’s bitter disappointments

Michael S says:

"A teacher at Geelong Grammar had criticised her for using words that were too long, which had left her confused and had made her doubt her ability to write essays. She became ''quite distressed'' when her English marks began to fall." I can sympathise. My scholastic mentors conveyed to me a causal relationship… [read more]

From: Welfare for breeders is a bonus for everyone

Change Up! says:

I have no problem paying my taxes. As a single, childless person on a very decent income, I can afford it and not have my life severely altered. Plus I understand that my taxes paying for things like schools, childcare and infrastructure is ultimately a good thing. A better community is better for me… [read more]