Remove the 50% capital gains tax discount on investment properties. Replace it with a land value tax that makes hoarding empty properties expensive.
Remove CGT discount
End the 50% discount on investment property profits.
Land value tax
Discourage speculative land banking with an annual land tax.
Remove the 50% capital gains tax discount on investment properties. This tax break rewards property speculators and encourages treating homes as get-rich-quick schemes instead of places for people to live. Replace it with a land value tax that makes hoarding empty properties expensive.
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