[–] -1 points 2 months ago

Your uncle who makes 100k per week through properties would mostly receive that as income from rent. Unless he's selling a property every week. Income from rent is taxed the same as your income from your job. There is no CGT discount on income.

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  • [+] -8 points 2 months ago (6 children)

    This is very misleading. The CGT discount is there to account for inflation. If I buy shares today and sell them in a year for 6% more (a normal yearly gain) I have not actually gained 6% in buying power. There might have been 3% inflation in that time, so I've really made 3% profit (in terms of increased buying power)

    The CGT discount is not some gift to rich people, it's an attempt to make the system fair when we have inflation every year.

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