It’s a capital gains waiting game
D-Day for the Tax Working Group’s final report is looming and a capital gains tax recommendation is expected to be the attention-grabbing centrepiece.
It is understood that the Government now has the report, but no dates for when it will be considered by Cabinet – or released publicly – have been announced.
That means the waiting game is now on to see what form of capital gains tax has been recommended, along with the details.
But submissions to the TWG from many involved in the residential property investment sector make it clear that, whatever its form, a capital gain tax will not be popular and is expected to generate issues.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
