a) Whether the CGT is based on historical gains similar to SGT?
b) Whether all kinds of stock transactions are subject to this tax?
c) Is it applicable to all investors or their is a threshold of investment?
d) Whether people registered under CDS have to register with Inland Revenue and submit the self made annual returns?
e) How they going to trace the cost price of a stock sold when there are series of buying under different price level?
f) Will the foreigners too subject to this and if so how government tax them who have already sold and exit from the market?
g) How come investments in stocks be attractive than investments in Bonds and Units when the gains are subject to tax?
etc, etc.
These issues will be in the heads and minds of investors until such time government clarifies the new proposal in detail. Sooner the better for the market but dragging the clarity will drag the current panic and uncertain further. Which means the possibilities for more market adjustments into the south are very very high. So key support levels of 5820, 5500, 5240, etc all are in risks.
People who are in credit or margin trading need to think their debt balances and should clear them off ASAP either by selling or putting cash. Others can wait till the cloud gets cleared.
Be ready for the worst.