@iamjameswrigley: CGT rules are from 1 July 2027. Here’s how the indexing method would work #tax #money #indexing #cgt

James Wrigley
James Wrigley
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Region: AU
Sunday 31 May 2026 05:54:40 GMT
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powelly_18
Powelly_18 :
Can you make it clear to people that the indexation method is only being applied from 01.07.27. And capital gains made prior to this still receives the 50% discount. What I want to know is: who is going to be in charge of valuing the existing properties around the 30th June 2027?
2026-05-31 11:13:08
5
ronniensw
Ronnie :
What would be useful James is to do the same thing again, use the same purchase and gain numbers with both the new system and the old method so people can view what those numbers look like as a comparison. 🙏🏻
2026-05-31 06:06:01
8
______very______
Very :
Is the 30% minimum exempted from anyone over 67, or only if you receive a government pension
2026-05-31 20:35:52
2
kevincheng788
Kevin Cheng :
when will this be confirmed?
2026-05-31 06:02:08
1
marcboss429
Marc :
i thought the index method was already in place?... so its the profit you've made on the asset over time?...
2026-05-31 09:01:38
1
hamiltonski
Alan Hamilton :
As a very long time BHP shareholder from 1989 would this new indexation method be better for working out the CGT—-i would need a super computer to work out all the stuff that has happened over those decades —dividend reinvestment and the hiving off some of their companies etc.,
2026-05-31 07:48:19
0
shadowmaster_101
shadowmaster_101 :
Shouldn’t the cpi figure be based off the capital city for the staye you’re in. Adelaide cpi is very different to say to Sydney capital city cpi rate
2026-05-31 09:41:32
1
user91637306562620
scratchy :
If I built a house 20 years ago lived in but now rent it out (for the last 7 years) what am I paying capital gains on? The total sales amount?
2026-05-31 06:29:14
0
kelvinator14
kelvinator :
What about existing properties? Evaluation required on 1/7/2027?
2026-05-31 06:23:52
2
donasalage
donasalage :
How about the interest paid. It is also to be allowed to deduct from the difference. Otherwise it is not fair for first homeowner
2026-05-31 08:11:22
0
alealyceh
alealyceh :
Wait will we need to track this or will the ATO
2026-06-06 07:35:53
0
phillby_
Phill :
Government…. Making easy things difficult with legislation… 🤦🏻‍♂️
2026-05-31 08:56:00
3
markbobbyyy
MarkyMark :
So if I buy shares before 1st july 2027 can I claim the 12 months discount if I sell 12 months later and make a capital gain? or do I need to buy it 12 months prior?
2026-05-31 09:05:41
0
jodiehammond69
jodiehammond69 :
Can you reduce the index rate by expenses ??
2026-05-31 07:42:43
0
bshep222
bshep222 :
Is it based on sale price or sale price + costs (stamp duty etc…)
2026-05-31 07:01:35
0
rockstarlifestyle3
Salsero :
are you sure, what about all the other inflation during the hold period?
2026-06-02 07:33:22
0
carynwest4
carynwest4 :
What happens if you inherited a property. Do you work it out based on the quarter you came into possession and at an approx value at that time?
2026-05-31 10:46:18
1
awfultriathlete
Awfultriathlete :
My favourite part is they are increasing taxes while adding 150billion to our debt.
2026-06-01 07:34:59
1
sambondi
Samantha Treacy :
tax headache right there
2026-06-01 21:43:57
0
mariarullobrundell
Maria Rullo-Brundell :
What happens if you have inheritance sales?
2026-06-01 11:47:51
0
nonnafrankie
NonnaFrankie :
Question is who works this out accountant? Also if decide to sell in this grace period before 1 year capital gains is at 50 perecent and you dint need it valuated ?
2026-06-26 21:10:11
0
jose.grao.au
Jose Grao 👊🇦🇺 :
This is insane!!
2026-06-04 09:27:17
0
mactan76
mactan76 :
I think it's prudent that the home-owner pays to get a Professional Valuation done on their property for 1/7/2027! Rather than rely on a cheap/free generic valuation option. This will ensure the true larger gains are captured under the old 50% rule! 👍
2026-06-01 12:15:40
0
orange.lantern
🟠 🎃 :
oh great... I'm gonna need an accountant now...
2026-06-02 13:36:46
0
ants.oo
Ants…….🐜 🐜 :
What’s your personal opinion on all of this?
2026-05-31 08:19:51
0
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