21
submitted 5 days ago* (last edited 4 days ago) by [email protected] to c/[email protected]

This is a very good article

you are viewing a single comment's thread
view the rest of the comments
[-] [email protected] 2 points 2 days ago* (last edited 2 days ago)

Why ? People are doing it to avoid tax, dumping huge numbers of industrialial properties, houses or farms into their SMSF. Once again to AVOID tax, so fuck 'em. All of that penalises young people who then have a higher tax burden now.

Once agin this is a extra tax on amounts OVER $3 Million. Currently something like $500k-$1Mil is about the amount recommended for people to have a comfortable retirement.

https://www.abc.net.au/news/2025-05-29/leading-tax-expert-superannuation-first-step-to-broader-reform/105347654

They want to pass that on to people in the next generation and they're not going to pay any tax on it because the value is never realised, the gain is never realised."

I supoort the Greens $2Million limit and indexed

[-] [email protected] 1 points 2 days ago

If you want to tax capital gains over $3 million then do it, but taxing unrealised capital gains is taxing on gains that haven't materialised, hence they are "unrealised" and I think that's stupid, whether it be for $10 or $10 million

this post was submitted on 29 May 2025
21 points (92.0% liked)

Australia

4203 readers
97 users here now

A place to discuss Australia and important Australian issues.

Before you post:

If you're posting anything related to:

If you're posting Australian News (not opinion or discussion pieces) post it to Australian News

Rules

This community is run under the rules of aussie.zone. In addition to those rules:

Banner Photo

Congratulations to @[email protected] who had the most upvoted submission to our banner photo competition

Recommended and Related Communities

Be sure to check out and subscribe to our related communities on aussie.zone:

Plus other communities for sport and major cities.

https://aussie.zone/communities

Moderation

Since Kbin doesn't show Lemmy Moderators, I'll list them here. Also note that Kbin does not distinguish moderator comments.

Additionally, we have our instance admins: @[email protected] and @[email protected]

founded 2 years ago
MODERATORS