Mr. Tom O'Brien:

The argument is that capital gains or acquisitions by virtue of gifts or inheritance represent a further increase in income disparity and, therefore, higher taxes are needed on gifts and inheritances to rebalance that. To me, that is not fair or equitable and flies in the face of much of what the tax commission document talks about.

Lastly, roll-over relief on capital gains should be looked at because in many cases I think that would help to retain stock in the rental market if a property owner had some ability to sell a property within a specified period - say, 12 months. If they could reinvest in another property and avoid or roll over their CGT exposure, that would be very welcome.