Taxing Personal Capital Gains in Australia: An Alternative Way Forward

Australian Tax Forum, Vol. 30, 2015

27 Pages Posted: 18 Dec 2015

See all articles by Chris Evans

Chris Evans

University of New South Wales

John Minas

University of Tasmania

Youngdeok Lim

Korea Advanced Institute of Science and Technology (KAIST)

Date Written: September 3, 2015

Abstract

This article proposes the abolition of the 50% capital gains tax (CGT) discount for personal taxpayers and its replacement with a non-cumulative annual tax-free threshold for the taxation of capital gains. This reform, it is argued, would considerably enhance the equity, efficiency and simplicity of the Australian CGT regime, as well as providing a positive revenue outcome for the Treasury.

Suggested Citation

Evans, Christopher Charles and Minas, John and Lim, Youngdeok, Taxing Personal Capital Gains in Australia: An Alternative Way Forward (September 3, 2015). Australian Tax Forum, Vol. 30, 2015, Available at SSRN: https://ssrn.com/abstract=2704650

Christopher Charles Evans (Contact Author)

University of New South Wales ( email )

School of Taxation and Business Law
Australian School of Business, UNSW
Sydney, NSW 2052
Australia

John Minas

University of Tasmania ( email )

Newnham Drive
Newnham
Launceston, TAS
Australia
+61 3 6324 3221 (Phone)

Youngdeok Lim

Korea Advanced Institute of Science and Technology (KAIST) ( email )

373-1 Kusong-dong
Yuson-gu
Taejon 305-701, 130-722
Korea, Republic of (South Korea)

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