President Lee Jae-myung proposes extending capital gains tax benefits for multi-home owners to include permit applications submitted by May 9 deadline, while considering similar benefits for single-home owners with rental properties to increase housing supply amid economic concerns.
#YonhapInfomax #CapitalGainsTax #MultiHomeOwners #PresidentLeeJaemyung #HousingSupply #TaxBenefits #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=113878
President Lee Considers Extending Capital Gains Tax Benefits for Multi-Home Owners Until May 9 Permit Applications (Comprehensive)

President Lee Jae-myung proposes extending capital gains tax benefits for multi-home owners to include permit applications submitted by May 9 deadline, while considering similar benefits for single-home owners with rental properties to increase housing supply amid economic concerns.

Yonhap Infomax
South Korea's President Lee reviews proposal to extend capital gains tax incentives for multiple property owners, potentially allowing benefits for permit applications submitted by May 9
#YonhapInfomax #CapitalGainsTax #MultipleHomeOwners #TaxBenefits #PermitApplications #PresidentLee #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=113870
President Lee Considers Extending Capital Gains Tax Benefits for Multiple Home Owners to May 9 Permit Applications

South Korea's President Lee reviews proposal to extend capital gains tax incentives for multiple property owners, potentially allowing benefits for permit applications submitted by May 9

Yonhap Infomax

RE: https://aus.social/@mojo/116226909359896424

Hmmm: “Just 10 of the country's wealthiest electorates account for a third of the national expenditure on the CGT discount, according to the analysis of tax data by the Australian Council of Social Services (ACOSS). And that comes at a cost of about $23.5 billion per year to the taxpayer.

"It’s clear this tax break funnels billions into the wealthiest parts of our cities and country at the expense of those doing it tough," the group's CEO Dr Cassandra Goldie said.”

#AusPol #CGT #CapitalGainsTax #inequality #richGetRicher #tax #ACOSS

Wealthy British nationals fleeing Gulf conflict bypass UK to avoid tax bills

High-net-worth residents of UAE heading to Ireland and France to wait out missile attacks before tax year ends

The Guardian
Australia actually has more than enough houses, they’re just owned by investors

Over the past 10 years, the number of new homes has been growing faster than the population. Read that sentence again if you need to, but doing so won’t change the facts.

Government Considers Tax Rule Changes for Property Investors

Australian Treasurer Jim Chalmers confirmed Treasury is modeling changes to negative gearing and capital gains tax for property investors ahead of the May budget.

#NegativeGearing #CapitalGainsTax #PropertyInvestment #HousingCrisis #AustralianPolitics

https://newsletter.tf/australia-tax-rule-changes-property-investors/

Australia Treasurer Jim Chalmers Considers Tax Rule Changes for Property Investors Before May Budget

Australian Treasurer Jim Chalmers confirmed Treasury is modeling changes to negative gearing and capital gains tax for property investors ahead of the May budget.

The Australian government is looking at changing tax rules for property investors. This could affect how many properties people can claim tax losses on.

#NegativeGearing #CapitalGainsTax #PropertyInvestment #HousingCrisis #AustralianPolitics

https://newsletter.tf/australia-tax-rule-changes-property-investors/

Australia Treasurer Jim Chalmers Considers Tax Rule Changes for Property Investors Before May Budget

Australian Treasurer Jim Chalmers confirmed Treasury is modeling changes to negative gearing and capital gains tax for property investors ahead of the May budget.

President Lee Jae-myung has listed his Bundang apartment for sale below market value, signaling a strong commitment to real estate market normalization and stricter policies on speculative property ownership.
#YonhapInfomax #LeeJaeMyung #RealEstateMarket #BundangApartment #SpeculativeOwnership #CapitalGainsTax #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=107290
'Single-Homeowner' President Lee Lists Bundang Apartment for Sale—Signals Commitment to Real Estate Market Normalization (Comprehensive Update 2)

President Lee Jae-myung has listed his Bundang apartment for sale below market value, signaling a strong commitment to real estate market normalization and stricter policies on speculative property ownership.

Yonhap Infomax
@jhaue it wasn’t that good until John Howard turbo charged tax against the bulk of the population. The results are pretty clear as housing is now an investment rather than somewhere to live. Undoing the capital gains tax discount would be a great start.
#auspol #capitalgainstax