Proposed capital gains tax changes could impact low-income individuals' sales
Under proposed capital gains tax changes effective July 1, 2027, individuals with low taxable incomes could still face a 30 percent minimum tax on share sales. A couple finds it unfair that the defined benefit pension disqualifies them for the age pension, impacting their tax obligations despite minimal income. Financial advice is recommended for asset sales before the deadline.
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Published 07 Jul 2026, 19:01 UTC · Updated 07 Jul 2026, 19:10 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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