Cgt : ce qu'il faut savoir

Cgt en Argentina fait l'actualité ce jeudi. Selon the Guardian, Treasurer tells Commonwealth Bank podcast that he aims to ‘recognise the decisions that people have taken in the past’.

Les faits

• Treasurer tells Commonwealth Bank podcast that he aims to ‘recognise the decisions that people have taken in the past’.
• Massive paper profits earned over recent years by property investors will be shielded from Labor’s changes to the CGT discount, after Jim Chalmers said any new tax rules would “recognise the decisions that people have taken in the past”.
• Chalmers said the government was mindful of “transitional issues” around tax changes, suggesting that only the future gains on an existing investment would be subject to the new CGT rules.
• The treasurer is widely expected to modify the 50% tax discount on profits from the sale of assets held for more than one year, potentially returning to the pre-1999 model where capital gains are adjusted for inflation.
• The Grattan Institute has calculated that halving the capital gains tax discount and phasing it in over five years to include all investments would generate $6.5bn a year for the budget.

L'essentiel

the Guardian indique que Massive paper profits earned over recent years by property investors will be shielded from Labor’s changes to the CGT discount, after Jim Chalmers said any new tax rules would “recognise the decisions that people have taken in the past”. D'après the Guardian, Chalmers said the government was mindful of “transitional issues” around tax changes, suggesting that only the future gains on an existing investment would be subject to the new CGT rules. Comme le souligne the Guardian, the treasurer is widely expected to modify the 50% tax discount on profits from the sale of assets held for more than one year, potentially returning to the pre-1999 model where capital gains are adjusted for inflation. Selon the Guardian, the Grattan Institute has calculated that halving the capital gains tax discount and phasing it in over five years to include all investments would generate $6.5bn a year for the budget.

Les chiffres

the Guardian indique que In contrast, a fully grandfathered policy package of returning to the pre-1999 inflation-adjusted capital gains tax regime and scrapping negative gearing would generate just $2bn in extra revenue in the first four years, according to recent estimates by CBA. D'après the Guardian, But the benefits to the budget bottom line would grow over time, with revenue gains estimated at $25-30bn over the first 10 years – although whether investors end up paying more or less capital gains tax than under the flat 50% discount would depend on economic conditions, the bank said. “I think that even if you just go back to around the turn of the century, those changes that were made to capital gains [to the current regime in 1999], you can see that that’s had an impact in the composition of the housing market. (the Guardian) Selon the Guardian, Economic modelling suggests changes to tax settings for investors could lower home prices by between 1% and 4%, but that it could lift home ownership rates by three percentage points as investors are discouraged from buying property.

Ce qu'ils disent

“Without getting into hypotheticals about policies, what you try and do is to make sure that we recognise the decisions that people have taken in the past,” he told the CommBank View podcast. (the Guardian) “If you do a partial or staged form of grandfathering you would get additional revenue in the door more quickly, but you would add complexity to the system, which I think is a risk,” Yeaman said. (the Guardian) “We’re not trying to target a certain change necessarily in price,” he said. (the Guardian)

Le contexte

Selon Australian Financial Review, the treasurer has stopped short of guaranteeing existing assets will be fully exempt from changes to the capital gains tax discount. Australian Financial Review indique que Treasurer Jim Chalmers has stopped short of guaranteeing existing assets will be fully exempt from changes to the capital gains tax discount, further fuelling speculation that future gains on an existing asset will be subject to the new tax regime. D'après Australian Financial Review, However, Chalmers signalled that the effect on existing assets would be minimal, playing down expectations that both the changes to CGT and negative gearing would raise much revenue. Comme le souligne the Guardian, Follow our Australia news live blog for latest updates.

Recherches associées

Les recherches associées qui dominent la conversation : Port de Marseille : deux élus CGT du comité d’entreprise en procès pour « abus de confiance » • La CFDT solidaire des syndicalistes de la CGT que le Département des Deux-Sèvres veut poursuivre en justice • « C’est la douche froide » : à l’appel de la CGT, les salariés de ManOrga, fleuron de la métallurgie, en grève • Attaques contre l’OFB, ses missions et ses agents : ne courbons plus l’échine (Communiqué CGT Environnement) • Bagnères-de-Bigorre. La CGT appelle à se rassembler • Sophie Binet (CGT) exhorte le gouvernement à inscrire "au plus vite" la loi vie chère outre-mer à l'Assemblée.

À retenir

• The treasurer is widely expected to modify the 50% tax discount on profits from the sale of assets held for more than one year, potentially returning to the pre-1999 model where capital gains are adjusted for inflation.
• The Grattan Institute has calculated that halving the capital gains tax discount and phasing it in over five years to include all investments would generate $6.5bn a year for the budget.
• The treasurer has stopped short of guaranteeing existing assets will be fully exempt from changes to the capital gains tax discount.
• Recherches qui explosent : Port de Marseille : deux élus CGT du comité d’entreprise en procès pour « abus de confiance », La CFDT solidaire des syndicalistes de la CGT que le Département des Deux-Sèvres veut poursuivre en justice, « C’est la douche froide » : à l’appel de la CGT, les salariés de ManOrga, fleuron de la métallurgie, en grève, Attaques contre l’OFB, ses missions et ses agents : ne courbons plus l’échine (Communiqué CGT Environnement).