House of Representatives
Income Tax Assessment Amendment (Capital Gains) Bill 1986
Income Tax Assessment Amendment (Capital Gains) Act 1986
Income Tax (Rates) Amendment (Capital Gains) Bill 1986
Income Tax (Rates) Amendment (Capital Gains) Act 1986
Explanatory Memorandum
(Circulated by authority of the Treasurer. the Hon. P.J. Keating, M.P.)FINANCIAL IMPACT
The estimated revenue gain from introducing the tax on capital gains is $5m in 1987-88 rising to $25m in the fifth year of operation.
The revenue effect of modifying the employee share acquisition scheme provisions has been taken into account in estimating the revenue gain from the tax on capital gains.