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Reintroduce inflation indexation on capital gains tax assessment

Submitted by Peter Carew on Saturday 24th September 2022

Published on Friday 30th September 2022

Current status: Closed

Closed: Thursday 30th March 2023

Signatures: 16

Relevant Departments

Tagged with

capital gains tax ~ Capitalism ~ inflation ~ Loss ~ Tax

Petition Action

Reintroduce inflation indexation on capital gains tax assessment

Petition Details

Reintroduce inflation indexation so that capital gains tax is only payable on realised real gains.

Additional Information

With inflation running at 10% p.a. capital gains tax will be payable on many nominal gains which are in reality a loss after accounting for inflation.


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