Opposition Promises Capital Gains Tax Change The opposition party has announced a significant overhaul of capital gains tax, aiming to alter the way investors are taxed on profits made from selling assets such as property and shares.
At its core, this proposal seeks to rebalance the tax system, making it more equitable for middle class investors while reducing the burden on high net worth individuals.
Understanding the Opposition's Plan The opposition party's plan centers around introducing an "exit tax" – taxing gains made by non resident investors when they sell their assets.