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The impact of tax rate changes on capital gains realisations: Evidence from Australia

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Minas, J, Lim, Y and Evans, C 2018 , 'The impact of tax rate changes on capital gains realisations: Evidence from Australia' , Australian Tax Forum, vol. 33, no. 4 , pp. 635-666 .

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Abstract

Australia experienced a major reduction to the rate at which capital gains are taxed on the introduction of the ‘50% CGT discount’ in the 1999–2000 fiscal year. Claims made at the time of this effective capital gains tax (CGT) rate reduction suggested it would lead to increased realisations as well as an increase in tax revenue. Using time series data from 1988–89 to 2014–15 we estimate the capital gains realisations response for Australian personal taxpayers. Our elasticity point estimates imply overall revenue losses from the introduction of the CGT discount.

Item Type: Article
Authors/Creators:Minas, J and Lim, Y and Evans, C
Keywords: capital gains tax, capital losses, taxpayer compliance, taxation--rates
Journal or Publication Title: Australian Tax Forum
Publisher: Taxation Institute of Australia
ISSN: 0812-695X
Copyright Information:

Copyright 2018 Australian Tax Forum

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