\u201cAnthony Albanese\u2019s hidden divorce and death tax that secretly passed the Parliament should be scrapped immediately, just like he committed to repeal his secret widow\u2019s tax\u201d, said Shadow Treasurer, Tim Wilson.<\/p>\n\n\n\n
Mr Wilson’s comments follow reports in the Sunday Telegraph \/ Herald Sun that grieving and vulnerable families will be hit with a hefty capital gains tax bill on the death of a loved one or at the point of a divorce without their assets ever being sold.<\/p>\n\n\n\n
\u201cAnthony Albanese\u2019s Budget was full of hidden tax landmines for small businesses and families, and now families grieving from deaths and divorces are being targeted. Every time one of Anthony Albanese\u2019 tax landmines detonates it is everyday Australians who are its target\u201d, Mr Wilson said. <\/p>\n\n\n\n
\u201cFirst, it was a death tax on family trusts, then a widow’s tax, and now we learn CGT can be triggered on death or divorce that are currently exempt, and even when a property is never sold\u201d.<\/p>\n\n\n\n
\u201cTax experts have called the legislation ‘extraordinary’, and warned Treasury the drafting could lead to their divorce and death tax being hard for grieving clients to avoid\u201d.<\/p>\n\n\n\n
\u201cThe Albanese government\u2019s Budget has been an unfolding trainwreck of shoddy measures and tax grabs, with everyday Australians who work hard targeted\u201d.<\/p>\n\n\n\n
\u201cThe Albanese government has said its secret divorce and death tax is \u201cunder review\u201d. That is code that they thought they could sneak a divorce and death tax through, they got caught, and now they’re trying to disarm the landmine they laid\u201d. <\/p>\n\n\n\n
\u201cThat’s the same excuse we heard on the widow’s tax, before Labor was humiliated into repealing it within hours of being exposed\u201d.<\/p>\n\n\n\n
\u201cAnthony Albanese must come clean, and scrap his secret death and divorce tax immediately\u201d, Mr Wilson said. <\/p>\n","protected":false},"excerpt":{"rendered":"
\u201cAnthony Albanese\u2019s hidden divorce and death tax that secretly passed the Parliament should be scrapped immediately, just like he committed to repeal his secret widow\u2019s tax\u201d, said Shadow Treasurer, Tim Wilson. Mr Wilson’s comments follow reports in the Sunday Telegraph \/ Herald Sun that grieving and vulnerable families will be hit with a hefty capital … Continue reading “Albanese must disarm secret divorce, Death Tax land mines, deliver repeal of Widows Tax”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-40128","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/40128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=40128"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/40128\/revisions"}],"predecessor-version":[{"id":40129,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/40128\/revisions\/40129"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=40128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=40128"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=40128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}