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Existing assets may not be spared CGT change
The government has refused to rule out excluding existing assets from an overhaul of the capital gains tax discount for investors, fuelling speculation that appreciation on a single asset could be subject to two separate taxation regimes.
The government is expected to announce in the May 12 budget that it will scrap the standard 50 per cent CGT discount, introduced in 1999, and revert to the Keating era model of an inflation-based discount that will apply to all asset classes, including property and shares.
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NT Police seek 47-year-old Jefferson Lewis in relation to missing 5-year-old Alice Springs girl
NT Police seek 47-year-old Jefferson Lewis in relation to missing 5-year-old Alice Springs girl.
Northern Territory Police believe a missing five-year-old girl in Alice Springs was abducted from her home and are seeking the public's assistance.
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