IDEAS home Printed from
   My bibliography  Save this article

Selected Aspects of Capital Gains Taxation in Australia, New Zealand, the United Kingdom and the United States


  • Brian J. Arnold
  • Tim Edgar


The authors of this paper compare various structural aspects of the capital gains tax systems in Canada and four selected countries: (i) Australia, (ii) New Zealand, (iii) the United Kingdom, and (iv) the United States. The principal focus is on the lifetime capital gains exemption in Canada and the availability of comparable exemptions, preferences and reliefs for capital gains in these other countries. Despite the common legal and taxation traditions in the selected countries, the review reveals a surprising number of differences in the approaches to the taxation of capital gains. These differences are found in all of the usual structural aspects of a capital gains tax system. One of the more striking features of the systems in the four other countries is the lack of any general exemption comparable to the lifetime gains exemption in Canada.

Suggested Citation

  • Brian J. Arnold & Tim Edgar, 1995. "Selected Aspects of Capital Gains Taxation in Australia, New Zealand, the United Kingdom and the United States," Canadian Public Policy, University of Toronto Press, vol. 21(s1), pages 58-76, November.
  • Handle: RePEc:cpp:issued:v:21:y:1995:i:s1:p:58-76

    Download full text from publisher

    File URL:
    Download Restriction: only available to JSTOR subscribers

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cpp:issued:v:21:y:1995:i:s1:p:58-76. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Prof. Werner Antweiler). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.