Originally Posted by
artemis
House flippers aka speculators would prefer a CGT tax to the current 'trader' regime if it would reduce their marginal tax rate and be set at the previously proposed level of 15%.
What would share traders prefer? They have a lot more flexibility to buy and sell than property purchasers, so more ability to adjust timings and spread CGT impact.
How about a 5 year bright-line test for shares and other assets? And capital losses to be carried forward. That would be fair.
This government has a lot to say about being fair. So why not?