Capital Gain Tax?

[azeoprop]

http://sgproperty-advisor.blogspot.com/2009/07/flippers-to-be-taxed-soon.html

Just wondering, was this Bill implemented eventually?

:beats-me-man:

[Regulators]

i prefer the capital gains tax to SSD anytime.

[Jonathan0503]

i prefer the capital gains tax to SSD anytime.

But not good if your objective of property investment is on a long term basis. Which is what the government intended vs short term flipping

[howgozit]

But not good if your objective of property investment is on a long term basis. Which is what the government intended vs short term flipping

If I had to choose one, I would think capital gains tax is the lesser of the two evils. Also, in my opinion capital gains tax is fairer than SSD.

[kane]

But not good if your objective of property investment is on a long term basis. Which is what the government intended vs short term flipping

they could tier the capital gains tax to incentivise long term investors. for example, beyond 5 years, the capital gains tax could be 0%. first year capital gains tax is say 30%.

[Jonathan0503]

they could tier the capital gains tax to incentivise long term investors. for example, beyond 5 years, the capital gains tax could be 0%. first year capital gains tax is say 30%.

Then that will be ideal

[phantom_opera]

This is good only if it replaces SSD :scared-2:

[kane]

This is good only if it replaces SSD :scared-2:

This could be a gradual easing in the measures from SSD to tiered capital gains tax.