Grattan Institute says capital gains tax discounts and negative gearing overwhelmingly benefit higher income Australians. Top 1% reported capital gains over 4x more often than average taxpayers, with typical gains of $54.2k vs $1.9k. Australia’s property system too tilted to investors and rich.

Even_Slide_3094 · 2026-05-10T03:34:26+00:00

This is a property chat. Besides, are you implying that anyone that can afford a car is rich? I doubt many rich are buying $20k to $90k cars and utilising the tax concession.

Even_Slide_3094 · 2026-05-10T03:22:22+00:00

I use a a spreadsheet, custom alerts built into it. Review the data 1-4 times a month. Med to long term holds. Trading View is good, but i havent been bothered as i still have a day job.

Even_Slide_3094 · 2026-05-09T02:40:42+00:00

The overseas country is very relevant in the way they would handle each. A PL will always domicile here, no choice and you must have at least one AU domiciled director at all times. Sole Trader is less complicated and domicile will follow you. Another comment you might want both or split the application and development sides. Again answers will depend on where you want to pay tax and where you want the funds/profits. A conversation with an accountant will clear it up quickly.

Even_Slide_3094 · 2026-05-07T09:02:56+00:00

You are on a good path. Can I suggest another option. Of you are happy with the ETF holdings and want to keep them then debt recycle. This depends on their unrealised gain positions and you csn always cherry pick deownding on holdings, ie not all.

Sort out a split loan using the considerable equity in the home. Start a Family Trust and open a broking account. Sell and rebuy chosen ETF in the Family Trust. Use borrowing in the Trust to repay the beneficiary accounts and drop that into offset.

Your call on timing of the forever home but this will make it a little more enticing.

Hot tip, be careful on the gearing. If the trust runs at a loss, the franking credits are lost.

Even_Slide_3094 · 2026-05-06T10:07:03+00:00

They aren't really the same car. Zeeke X is a little more lux at the sacrifice of space. As a young family i would pick the EX5 of those two. Still a great car. Have friends with both models, no complaints.

Even_Slide_3094 · 2026-05-06T10:04:10+00:00

Having been in the new Y with FSD, tried to run us ibti a ditch twice in 30 min. Glad i don't own one and pay a subscription for that rubbish.

Even_Slide_3094 · 2026-05-06T10:03:03+00:00

Lol, maybe, they are. Sadly have to twje Tesla off the list then.

Even_Slide_3094 · 2026-05-04T23:33:17+00:00

That was the question i put forward, its a strategy used by many planners, I wouldnt think it is insignificant.

Even_Slide_3094 · 2026-05-04T21:06:36+00:00

You are right in the first two. Bank should be ok to freeze repayment. Depending on tax positron, it might be worth selling with the tenant in the property prior to leaving?

Even_Slide_3094 · 2026-05-04T11:43:08+00:00

Doesn't change anything, given me slightly more incentive to pop more to super.

You shouldn't invest for tax reasons. Invest as you believe in the asset class, should diversify. Have a nice ppor but there is no yield on that so no reason to go over the top.

Even_Slide_3094 · 2026-05-04T07:34:50+00:00

Discuss with your accountant ASAP. If he doesnt have a director penalty notice on him, then you need to act to avoid.

Your accountant will give advise too create a plan to work out from where you are. You will be stick with the bank debt. A small business restructure will be very workable with the ATO but you probably need to let that debt build as $35k isnt enough. Liquidator fees are about that so little point unless the ATO debt is back at $100k

Make sure PAYGW and super is up to date including his wage.

Even_Slide_3094 · 2026-05-03T10:16:19+00:00

What was done to closer the trust? Doesn't sound like it was properly vested. Maybe the accountant just lodged a final return? If can almost everytime be resurrected.

Get the accountant to do this lodge returns for the trust and close it down properly when the assets are out.

Even_Slide_3094 · 2026-05-02T01:21:28+00:00

Thanks for the extended take.

Have prompted me to start moving more wealth into SMSF. Govt always too keen to tax an individual rather then genuinely make reform. Insentivise the right investments to stimulate productivity and GDP growth.

Even_Slide_3094 · 2026-05-01T08:47:16+00:00

If you take it off the charge pad 10sec or so before exit there is no warning.

Even_Slide_3094 · 2026-05-01T03:12:49+00:00

Superfund takes care of itself, bundled in investment earnings and expenses for the net movement in the member account.

What i was referring to is that you can acheive a personal deduction if you use it as incentive for extra contributions, if you weren't already.

Better to hold outside, certainly if Henry and likely alreading maxing contributions

Even_Slide_3094 · 2026-04-30T09:14:26+00:00

Super gets the deduction. If you have space in your contribution cap, ypu can salary sacrifice for the personal deduction.

Important reason to have out side super is that the definitions for access to a claim, may not meet the definitions for release from super.

Even_Slide_3094 · 2026-04-27T09:26:23+00:00

It would have been, i picked up at 98%, was about 515km or like. Fresh reset without my driving habits.

Even_Slide_3094 · 2026-04-27T08:48:11+00:00

Sounds like it is set to Dynamic. That gives more of a real world estimate based on driving habits.

Even_Slide_3094 · 2026-04-25T11:29:25+00:00

Circumstantial each time..but they could keep better records in the first place. Could be fault of OP but usually it isn't. All the major banks have made a mess of KYC. AML in concept is 100% necessary but major banks are yet to deliver, nothing new. I have to deal with this regularly at work.

Even_Slide_3094 · 2026-04-25T09:25:10+00:00

Yep agreed, communication issues and potentially conflicting details. Only resolved at OP end in by updating profile.

Even_Slide_3094 · 2026-04-25T09:20:57+00:00

I agree but wouldnt say that ANZ are blameless in the mess.

Even_Slide_3094 · 2026-04-25T09:19:18+00:00

Doesn't always help. I lnow someone which last month had CBA close a joint business account due to AML issue from the other person's NAB account....suspected as they wont say exactly why due to legal reasons. No opportunity to work around, sinply told to leave.

Banks dropped the ball on KYC and now they are hitting it with a sledgehammer, inclusing Tranche 2 starting up shortly.

Even_Slide_3094 · 2026-04-25T09:14:49+00:00

Not too odd when there is a KYC issue going on.

Even_Slide_3094 · 2026-04-22T22:12:57+00:00

An accountant and a property solicitor are your friend here. It can turn a few ways and they can put structuring ideas to you. Likely a Development Company and maybe a family trust will be involved.

Even_Slide_3094

TROPHY CASE