A couple of times where tax quirks have softened life’s blows.
Being a widower with 2 kids under 2.
Starting a new business and earning nothing for a year, selling assets for $70k split between new wife and I to support a family of 6.
Taxes up on both.
The Albanese government has blindsided the financial sector with a surprise “death tax” on wills and estates, triggering urgent calls for clarification from wealth advisers.
Under new budget measures, family trusts are set to be hit with a minimum 30 per cent tax rate. The new rule will also apply to the most common form of estate planning trust: the Testamentary Discretionary Trust.
theaustralian.com.au/wealth/…
Sheesh. $BAP.AX Trading update saying things are improving since Feb but they downgrade FY26 guidance (updated in Feb). They’ve learnt from Chalmers, just say the opposite of what’s happening.
I gotta start shorting.
Here’s my small cap divvy list. Wrote this up last week, not pitching, not financial advice. There is hairs on all of them, that’s why they all yeild >10%. Long.
Oof. 15yrs underperformance. Prob under since inception if you account for turnover and tax consequences. Still collects $15m pa just on this fund tho.
Hey @commsec your app shows the wrong SOI count. I’ve made decisions based on this number. It’s been wrong for months. Fix it or remove it pls. Two examples below.
MOAR govt intervention! Moar moar moar!
This news had prob leaked given $BSL.ax recent rise. Suspect there’s a jump to the front of govt intervention queue if you’re under takeover threat?
How much they paying him to roll out this shite? “It will benefit investors if they don’t make much money” wtaf. Maybe he meant to say if you’re an $AMP.AX investoor.
It’s a tax hike.
And you know the govt manipulate cpi to keep official number low.
While the change in CGT to the 50% discount in 1999 benefitted investors they were better off in 1985-99 under the real gains model (due to higher infl v price gains). So a change back to real gains may not be bad for investors if we now see slower price gains/higher inflation.