This submission is being made by The National Foundation for Australian Women (NFAW).
NFAW is dedicated to promoting and protecting the interests of Australian women, including intellectual, cultural, political, social, economic, legal, industrial and domestic spheres, and ensuring that the aims and ideals of the women’s movement and its collective wisdom are handed on to new generations of women. NFAW is a feminist organisation, independent of party politics and working in partnership with other women’s organisations.
The taxation of capital gains affects women and men in different ways; it is not gender neutral. This submission responds to the terms of reference through a gender lens.
Why is the taxation of capital gains an issue for women?
The taxation of capital gains, as set out in the terms of reference of the Committee affects women in two domains: firstly whether men and women are affected equitably through the effect of the discount, and secondly through the effect on the housing market.