This petition was submitted during the 2019 to 2024 Parliament
Closed petition Reintroduce inflation indexation on capital gains tax assessment
Closed on
Reintroduce inflation indexation so that capital gains tax is only payable on realised real gains.
With inflation running at 10% p.a. capital gains tax will be payable on many nominal gains which are in reality a loss after accounting for inflation.
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This petition will stay open until 30 March 2023.