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submitted 2 days ago by cdzero@lemmy.ml to c/australia@aussie.zone

I should start by saying, I am trying to find out information in good faith and have done a bit of research that was largely unproductive thanks to all the spin and "expert commentary".

My understanding is the new proposal would tax gains adjusted for inflation at 30%. I am also of the understanding that you could claim a 50% discount on this tax if you lived in a property it would apply within a timeframe. I am not sure how it was calculated for other asset classes.

So I guess my questions are, is the above correct? What were the old rules? What are the new rules? What's this 47% equity thing doing the rounds that just sounds incorrect?

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[-] MrFlibble4747@sh.itjust.works 4 points 1 day ago

The rich none working asset grifters were gifted a dream tax bonus by the cruel and deformed grifter dwarf(aka John Howard) now the White Knight Sir Albo has wounded the nasty tax dragon who defended the rich grifters, the rich grifters are wailing and moaning and want the red headed witch Poorline to revenge them!

Story to be continued .......

[-] Longmactoppedup@aussie.zone 1 points 17 hours ago

Subscribing to this

this post was submitted on 04 Jun 2026
22 points (100.0% liked)

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