By making SMSF'ers with over $3M divest out of Super and go buy up property instead?
If this tax is "so modest" and will effect "so few", then what's the pint of it in terms of tax revenue? .......nothing, it's about normalising...
We already get taxed on unrealised capital gains. Land tax in Victoristan and property rates. Value goes up, so does the amount of tax....
It won't be long here and you'll pay tax on the difference in value since you bought an asset even if you haven't sold it. Unrealised capital...
Because if you sell it for more than you bought it the govt says they need to tax you on the profit.
Try telling shiney that........
Looking at gold in my hand makes me happy.
Thought BTC was the decentralised nirvana money that govt couldn't get involved in? Yet you have to pay CGT in it? Sounds like the govt is involved.
Ha, he thinks us stackers keep our gold in a safe where anybody could find it? He doesn't know us at all!
Thanks.
Clear as mud. I'll get my accounting team on it. o_O
Bloody stuff is so valuable these days that a simple 1oz'er puts you over the $5k 'you have to tell everyone about it' limit. I see value in...
If voting mattered, I'm sure it would be illegal.
True
What about a swap???? Actually thought about swapping out 1oz gold bar stack for equivalent ½oz bars.
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