Capital gains tax

[superstar]

Inclusion rate on CGT increased to 33.3% on individuals and 66.6% on companies

[SimonPB]

yes, but CGT is 33.3% of your tax rate, so max CGT for individual is 13.3% (assumign you in top tax bracket of 40%) ..

[#3]

And also the exemption will be increased. But I still don't like it. A horrible budget for individuals I think.

[superstar]

That is an increase from 10% to 13.3%. My opinion is instead of cutting non priority expenditure the minister went the easier route of tax increases. Yes, current conditions require some fiscal creativity but the route he wen to is not supporting economic growth and such growth would indirectly mean increased tax revenue. My 10c opinion

[#5]

Ja, I agree. And the unemployed and poor will remain so. Sad.

[BC02]

they cant cut expenditure, they just promised a massive infrastructure development

[superstar]

I don't fully support social expenditure increase at this fragile stage of economy. Thye minister should have gone for aggressive economic growth

[superstar]

I don't fully support social expenditure increase at this fragile stage of economy. Thye minister should have gone for aggressive economic growth