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URL:  https://boards.fool.com/changes-to-cgt-11282531.aspx

Subject:  Changes to CGT Date:  9/22/1999  2:45 AM
Author:  foolsterk Number:  756 of 6186

The changes to the Capital Gains Tax for $50k+ incomes should stimulate interest in growth shares as the Capital Gain will be taxed lower than any dividends (even fully franked dividends). 24% maximum CGT compared to 48% for dividends for income earners in the highest tax bracket.

One possible upshot of the change may be that companies may pay less in dividends preferring to embark on projects that could increase the price as these shares would be preferred by investors.

Any comments?
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