Forget about Retiring in Australia: Proposed Unrealized Capital Gain Tax on Properties under the Labour Government

[Chase]

Australian Labor Government proposes a new tax on unrealized capital gains.
https://wilsonassetmanagement.com.au/labors-tax-on-unrealised-gains-could-wreck-your-retirement/

 

[Chase]

New tax on unrealized capital gains can also be applied to other asset classes.
https://www.skynews.com.au/business...s/news-story/05ef5fc57f5c5f8e75ff405023693591

 

[Chase]

Australian Labor Government proposes a new tax on unrealized capital gains.
https://wilsonassetmanagement.com.au/labors-tax-on-unrealised-gains-could-wreck-your-retirement/

Let's say if you retire in australia, no passive income or salary, your home value goes up, u got to sell it to pay tax.

 

[ChopSengHuat]

Same as our property tax, never sell also pay higher taxes