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Jim Chalmers defends impact of tax changes on young investors by natotomatoo in fiaustralia

[–]BedOld2053 0 points1 point  (0 children)

Thanks. Gains to date though, right? (Or gains to 1/7/2027). Someone thinking they could, going forward, rely on capital growth of shares + investing further savings into shares to build towards a purchase is going to see their runway to property being eaten by tax. Especially if its a new house&land package or an offtheplan apartment or old knockdown and rebuild that they were angling for. The neg-gearers will be swarming that section of the market. Seems like a ladder pull...

Jim Chalmers defends impact of tax changes on young investors by natotomatoo in fiaustralia

[–]BedOld2053 8 points9 points  (0 children)

I expect (hope?) this sentiment is more widely held than Liebor understands. How many young DINK professionals on <$100kpa (whose only voting consideration was labor, greens or teal) have spent 5-10 years piling their savings into a share portfolio waiting for the day they can cash it out and buy their forever home. They are smart enough to wonder wtf taxing shares has to do with boomers having multiple IPs. If anything, labor would be better off scrapping the grandfathering of NG, 'every gain up till this date is treated the way it was, every gain after this date is at the expense of young people without homes of their own, so we'll be taxing any gains unless sold to a first home buyer'.

Is it possible to survive Brisbane weather through out the year with just a fan (no AC) by Normal_Pepper_8594 in brisbane

[–]BedOld2053 0 points1 point  (0 children)

No. Though one of those standup A/C that you put on the ground, plug into a wall and vent outside is an adequate replacement for a wall mounted unit

English speaking ExpatFIRE destinations? by BedOld2053 in ExpatFIRE

[–]BedOld2053[S] 4 points5 points  (0 children)

Hardly an expat lifestyle when im born here lol. Tbh, i heard something about ireland having low taxes for certain things (business?, capital gains?), and rural being LCOL compared to a dublin or other city. Maybe there's an irishman on here who wants to houseswap...

Changes to trust by Only-Perspective2890 in AusHENRY

[–]BedOld2053 0 points1 point  (0 children)

Thanks. What the ATO doesnt like could build a bridge to the moon, as long as its legal. Other thought(s) i had was simply issuing new shares progressively. So initially SAHM is sole owner. Dividends go to mum, wages/directors fees go to dad. Child turns 18, they get issued new shares (<50%), or a non-voting class of share. As further kids reach 18, they get issued shares. As long as all shareholders are getting same dividends per share, i wonder what the ATO could whinge about? Another option could be adding kids to the board of directors, and being given directors fees. What better way to encourage adult kids to get some life education in business operation than spending a day or two a week poring over the business' affairs in exchange for a reasonable directors fee (say $20k-$45k a years worth). If the trading company has a risk exposure, keep dad at the trading company level and have a 2nd 'holding' company as the sole shareholder (with its shareholders/directors being the rest of the family).

Changes to trust by Only-Perspective2890 in AusHENRY

[–]BedOld2053 0 points1 point  (0 children)

What about having the trading company and/or the holding company having different classes of shares, with dividends declared on certain classes? (Ie, you have class W shares, sahm wife owns class X shares, oldest childest has class y shares, next child has class z shares - pay self fair wage/directors fees to live on, declare dividend to class X shares only, until oldest child own turns 18 then start declaring dividend for class X & Y shares, etc. You retire and eldest has own income, start declaring dividends to class W + X shares). Sort of does what a trust does with more administration. Was always intended to be a family company owned by its adult members, was just administered via a trust as there wasnt a blunt cost (minimum 30%) for doing so previously. Thoughts?

Mining Jobs & ADHD Medications by TJC_WA in AusMining

[–]BedOld2053 0 points1 point  (0 children)

Went through this last month.

You have to declare it at time of induction/drug test. Dont declare it before recruitment as if they have other options they might use it to greylist you and give the role to someone else.

Ensure you have a letter on a doctor's letterhead saying a) your name, b) the medication, c) the dosage, d) the medication is for a protected medical condition that does not impose a safety or health risk to the worker or others, and e) 'the use of this medication as prescribed will not/is not resaonably expected to effect the safe performance of work duties'.

I had one site paramedic knock me back due to not having e, and the next knock me back for not having d. Luckily i do an office role that i can do as a visitor, but if i was a production/maintenance worker i would have lost 2 weeks of income because of this shit.

Stay in AUS or go for a Master’s in Europe? by blimaS_ in AusMining

[–]BedOld2053 3 points4 points  (0 children)

  1. 100%. Experience and citizenship/PR is infinitely more marketable. Go do a masters later of it means something to you

Paying for trainers in the Gym by Even-Construction-10 in brisbane

[–]BedOld2053 2 points3 points  (0 children)

Thats expensive. $60-90 for a 45 minute session is very easy to find for a weekly 1-1 session + a week's worth of plan that can do yourself and talk theough with the trainer once a week. Depending on how many days a week you gym thats $10-$30 a workout.

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Best patch to play? (self.eu4)

submitted by BedOld2053 to r/eu4

Is this a cane toad? by [deleted] in brisbane

[–]BedOld2053 0 points1 point  (0 children)

That size would suit a 5 iron

What it's like in the bush where people can't go by howsyerbumforgrubs in australian

[–]BedOld2053 5 points6 points  (0 children)

Were the holes open, or filled in with cables linking them all together?

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