The rich get richer when you rig the game
How Michael Noonan’s capital gains and corporation tax exemptions turned property investments into gold
Michael Noonan probably won’t be remembered as the man who created the rules that made many a man and woman rich, but today we’ll look at how the waiver on gains that was introduced in 2011 until 2014 stacks up against any other investment.
The rule stated that property that was bought between December 7, 2011 and December 31, 2014 would be free of capital gains tax (CGT), or in the case of...
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