@taxinvestaccounting: Pre CGT Assets! - 12/06/26 #tax #taxagent #fyp #australia #taxadvice

Tax Invest Accounting
Tax Invest Accounting
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Region: AU
Friday 12 June 2026 08:49:48 GMT
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paulp018
Paul :
I think they’re after a cash grab. That’s all it is. If they really cared they would’ve allowed one to 2 properties per person before removing negative gearing etc.
2026-06-12 12:04:04
23
shell__beright
shellberight :
Sorry, but everything you said seemed irrelevant... yr- didn't change, didn't change, didn't change. Then 2026 changed. 😅
2026-06-16 02:45:05
0
barry.joseph
Barry Joseph :
A Fundraiser, like a Lammington or Pie Drive.
2026-06-12 09:38:42
9
jadebuch05
jadebuch05 :
who ks going to do all these valuations? and at who's cost?
2026-06-12 09:25:00
7
______very______
Very :
One thousand words later, I’m still confused , are you saying my Aunty who bought her house in 1980 will now pay CGT on that house when she sells?
2026-06-12 17:49:37
4
bright.1.foodie
bright.1.foodie :
i have always stated CGT is tax gouging and u r justifying it.
2026-06-12 12:00:57
3
marienero1
Marie Nero :
so property bought in 1981 and no changes except updates well below any cost threshold will be subject to CGT if sold after 1 July 2027?
2026-06-13 23:50:04
1
builder_developer_guy
Builder developer guy :
Hey do you have any thoughts on bendel case that ATO just lost
2026-06-12 11:04:53
2
mrssuzig
MrsSuziG 🇦🇺🐨🦘 :
Our accountant advised us that we will have to have our business valued because of this next year, whether we want to sell it or not (we don’t, we’ve only established it 2.5 years ago). And that it will cost $10K to have done… the valuer is the first winner here.
2026-06-13 22:11:43
1
federal.agent.jac
Federal Agent Jack Bauer :
There doesn’t seem to be any talk on the 30% tax rate for discretionary trusts. This rule means a lot of small business and people using these as investments vehicles now won’t even be afforded the basic tax free exemption and the 16% tax rates when the income is distributed to them
2026-06-18 22:47:42
0
col_mckay
Colin McKay :
Why? Envy . . .
2026-06-12 23:16:37
0
pete7546
Pete7546 :
My mother is an 82 y.o. widow living on a 25 acre property in her home. Is all that property exempt as her main residence?
2026-06-12 14:28:12
0
theonewes
theonewes :
Backlash? These changes are great
2026-06-13 22:12:38
0
richiemelbourne
Richard Edwards :
what assets are covered by CGT
2026-06-12 10:12:28
0
belladonna1610
Bella :
All these wealthy people complaining
2026-06-14 09:44:47
0
davidfrappell
Smoke alarm smart switch :
Just revenue raising for future years
2026-06-12 10:53:46
6
adventuringoz
adventuringoz :
Because some businesses have been around since before 1985 and are 100mil plus companies so on a sale of that business they would make good cgt revenue
2026-06-14 12:22:16
1
marksmith8088
Marksmen Painting :
Paying off a debt does strange things.
2026-06-12 09:17:45
3
datto33
Datto :
I inherited shares acquired pre 1985. Do they attract CGT i
2026-06-12 22:00:36
0
dr179
420 :
They want people that hold these properties to sell. 💯
2026-06-12 20:17:45
2
benlinket
Pacific Shark :
One Nation vote Yes to the tax reform today. So nothing to argue now. You only pray the tax reform will not go further strict.
2026-06-12 09:06:16
3
colsbiz
colsbiz :
It’s a money grab from the the Labor party, it’s not fair that when you take all the risks and the government take half the profits
2026-06-12 22:41:45
1
regtarpon0
Reg Tarpon :
Isn’t it that those assets have to be valued as of next year to create a cost base and then CGT is taxed in the future? I think you explained the reason - 41 years of a tax break is long enough. And for CGT consistency in the future. The question really is why should these assets not get taxed when they’re not the family home?
2026-06-12 23:46:18
2
daviddaley50
david daley :
yeah since the Australia Act?
2026-06-14 21:12:20
0
arrow.star001
K.C. :
Hands off, why don't they increase withholding tax, and leave us alone!
2026-06-12 12:27:51
0
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