The CGT Conundrum: Unintended Consequences of a Well Meaning Reform The government's push for capital gains tax reform has left many Australians uncertain about the new rules.
Individuals with low or no taxable income may be affected by the 30% minimum tax rate, even if they are not reliant on the age pension.
A recent scenario highlighted the plight of a couple where one spouse has no taxable income due to bank interest and share dividends.