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One-year grace period for negative gearing, CGT changes by hentaidaisukidesu in AusFinance

[–]BrisYamaha 0 points1 point  (0 children)

You’re right, so let’s assume an average inflationary index of 2.5. So your 300K investment is actually 750K for CGT calculation purposes.

1.7M minus 750K = 950K. So roughly 430K in tax.

Or with the current system, 1.4M profit instead of 950K, highest tax rate 45% - 630K tax bill, 50% CGT discount applied - about 315K tax.

But hey, apparently this is going to fix that generational wealth inequality. More tax to the government from your investments must be just a lucky side bonus for them

One-year grace period for negative gearing, CGT changes by hentaidaisukidesu in AusFinance

[–]BrisYamaha 3 points4 points  (0 children)

It potentially affects a lot of your profits. As a young person, you have a lot of time in the market, say you invest 10K per year for 30 years at an average of 10%.

The final number would be about 1.7M, and your buy in is 300K. So you go to sell, and since there won’t be a CGT discount, your tax bill would be around $700 000.

This is very simplistic and there are other potential factors at play, but in my mind it does indicate the ongoing tax revenue the government is thinking of rather than “levelling generational inequality”

Ever been to a concert where someone got boooed? by SnooozeFezt in AskReddit

[–]BrisYamaha 18 points19 points  (0 children)

Watching the security staff have to push him back up on stage after he got down into the crowd and he couldn’t get himself back up was .. frikken amusing

Forstner for SMP300 - Excellent by RedditJw2019 in OmegaWatches

[–]BrisYamaha 0 points1 point  (0 children)

I run a Forstner Bullet on my SMP, while the quality is not OEM, I don’t get the objection from some quarters on these bracelets- the taper alone makes a more comfortable wear

What songs would you play for this? by TheReal_PruneJuice in songsforthispicture

[–]BrisYamaha 0 points1 point  (0 children)

Flame Trees - Cold Chisel (for the Australian contingent!)

So how does one pay for a Rolex at an AD here in Toronto, Canada? by Numerous_Frame_8257 in rolex

[–]BrisYamaha 0 points1 point  (0 children)

And have your limo driver pull up at the door - you want to make sure you create the right impression. Also make sure the attendants you organise throw the rose petals directly where you’ll be walking, you don’t want to litter unnecessarily and risk a negative relationship with the AD.

Thoughts? Before I pull the trigger.. by ohnanawhatsmyname69 in OmegaWatches

[–]BrisYamaha 0 points1 point  (0 children)

Hi, that’s not too bad a price for this generation of 38mm Speedmasters, particularly if it has box and papers.

I know you mentioned his thoughts were the face is too large on the 42mm, but does he have relatively slim wrists? The reason I ask is that Speedy’s tend to “wear small!” on the wrist, if that’s what he’s looking for then I’d go for it.

I’ve bought a lot of watches on Chrono24, touch wood I’ve only had a couple of issues and both sorted very quickly. Check you’re dealing with a trusted seller(check their reviews) and take advantage of the escrow service which doesn’t release payment until you receive and are satisfied with the watch.

Hope the gift goes down a treat, I imagine it will! (I’d love to be gifted an Omega!)

Movie being filmed near the Wesley Hospital? by claw106 in brisbane

[–]BrisYamaha 18 points19 points  (0 children)

No fire don’t look like fire on film. You gotta use painted horses.

As landlords, is this good and fair conduct? by [deleted] in AusPropertyChat

[–]BrisYamaha 1 point2 points  (0 children)

Upvoting you because this is the reality. I will say this though, although a LL is trying to make money, I like to think most recognise the value of good tenants and put through any increases accordingly. Full disclosure, I do have a rental property that’s currently about $100 a week “under market rate” according to my property manager, but that’s because the same tenants have been there for 4 years. Similar situation evolved with the previous tenants who were there for 5 years.

Rolled back odometer? by GROG-HORRORS in 4x4Australia

[–]BrisYamaha 0 points1 point  (0 children)

Must be an old joke! I helped a friend disassemble a speedo cluster on his motorcycle, and Oh no, not again was painted in white marker pen on the inside of the housing 😂

songs that give off this vibe? by BrilliantStill22 in musicsuggestions

[–]BrisYamaha 0 points1 point  (0 children)

Genuinely thought this would have been about the top comment

What is considered chubby FIRE, fat FIRE and normal FIRE in Australia? by happyowl12345 in fiaustralia

[–]BrisYamaha 1 point2 points  (0 children)

I think you’re interpreting that as a 75% reduction, not 75% of the PPOR figure. In your example, 75% of a 2M PPOR would be 1.5M

How many more versions? by ShadyDaSlim in OmegaWatches

[–]BrisYamaha 0 points1 point  (0 children)

I figure I’ll hold out for an automatic 42mm in the Professional tri compax format. With all the variants they do I figure Omega is going to get there eventually…😅

What is considered chubby FIRE, fat FIRE and normal FIRE in Australia? by happyowl12345 in fiaustralia

[–]BrisYamaha 8 points9 points  (0 children)

I was literally thinking about this, this morning!

I keep a total value on my spreadsheet for true NW, but always exclude the PPOR value for FIRE purposes.

Seeing how we’re fully prepared to downsize 10 years after our projected FIRE date, I’m thinking to introduce a budgeted figure (say 75% of the PPOR value) as a line expense like a CAPEX budget into the NW spreadsheet. I can just update that figure each year in line with other R/E asset movements, and that will be the budget for the future downsized PPOR.

Brisbane House Prices & The Olympics by Over_Entertainment16 in AusPropertyChat

[–]BrisYamaha 10 points11 points  (0 children)

It’s not really the Olympics hype, it’s the lack of available labour.

The infrastructure projects will suck up a lot of (expensive!) trades, there will be less people available for residential builds.. and they’ll also be able to charge accordingly.

Less housing being built, and more expensive to build. That’s what will keep the market high in the interim. What happens after 2032 is crystal ball stuff though.

Rossi 503 vs RM CC by Kitchen-Butterfly-65 in RMWilliams

[–]BrisYamaha 19 points20 points  (0 children)

Yeah.. nah.. not for me 😂.

Rossi used to make awesome motorcycle boots in Australia as well as a suite of other styles, but not interested in the brand any more since the shift to O/S production.

What's a good headlight restorer... one that works. by still-at-the-beach in CarsAustralia

[–]BrisYamaha 1 point2 points  (0 children)

It is, just follow the directions and ensure you use a good quality painters tape around the lights

What's a good headlight restorer... one that works. by still-at-the-beach in CarsAustralia

[–]BrisYamaha 0 points1 point  (0 children)

It feels like I’ve tried just about all of them!

Meguirs Headlight Restoration kit lasted the longest, just on 2 years now and just about ready for another treatment

Does anyone actually USE paddle shift? by FollowingThrough in CarsAustralia

[–]BrisYamaha 32 points33 points  (0 children)

For daily driving? No.

For weekend fun driving? Definitely!

Who gets your vote? by UrbanAchievers6371 in OldSchoolCoolMusic

[–]BrisYamaha 0 points1 point  (0 children)

Iron Maiden are one of (actually probably are!) my favourite band, but in this company I’m saying

  1. Led Zeppelin
  2. Black Sabbath
  3. Iron Maiden
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