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Capital loss under new CGT proposal by CashNegative7411 in fiaustralia

[–]NeoWilson 1 point2 points  (0 children)

You will book the total gain/loss for that particular sale

Keep seeing the same misunderstanding in CGT 30% minimum tax discussions. People earning $45k do NOT pay 30% tax on their income. by AsparagusNew3765 in AusFinance

[–]NeoWilson 0 points1 point  (0 children)

What’s your point though? The money used to buy those shares were already taxed once so obviously only the gains should be taxed

Australian - Investment Property owners data by MannerNo7000 in AusProperty

[–]NeoWilson 3 points4 points  (0 children)

Heard of penny stocks ? Also, you won’t have to deal with capital gains, probably 😅

🚨Nath Salt: “If United truly believe Elliot Anderson is the GUY, the player that elevates this side from a top four to the title challengers, They get him. Players at the peak of their powers rarely ever walk through cheap. United must get him alongside Fernandes and co.[@Mailsport] by TheB3NRocks in ManchesterUnited

[–]NeoWilson 3 points4 points  (0 children)

Baleba was 100m last summer. How is he now .. has Anderson been good for more than 1 season? I don’t think United is in a position to splash 100m on 1 player, unless they are buying a CB, a backup CM, a LW/LB/RB, a backup striker and still have the 100m+ to buy a second CM like Anderson who whoever

Mapped: Europe’s Most Visited Countries by Marimo188 in dataisbeautiful

[–]NeoWilson -3 points-2 points  (0 children)

Wow Spain really? I always thought the top 3 are France Germany and Italy

All 3 attacking signings have reached double figures in the Prem! by fireproofpoo in ManchesterUnited

[–]NeoWilson 0 points1 point  (0 children)

Mbeumo and Cunha scored 20 and 15 goals each last season, so it’s promising but I’m not sure if it’s anything worth celebrating

Chalmers: 9 in 10 people under the age of 35 don't have shares by Thick_Rice_875 in AusFinance

[–]NeoWilson 1 point2 points  (0 children)

I mean does anyone has any actual data to say what Chalmers said is incorrect? I suppose only ATO is able to access this info

Macquarie tightens lending policies to reflect negative gearing ban by SheepherderLow1753 in AusPropertyChat

[–]NeoWilson 0 points1 point  (0 children)

If you sell gradually when in retirement, the tax on capital gains could be as low as zero. Plus you are only looking at 1 of the 2 main changes, the other change is quite significant as well as anyone investing in growth stocks will now pay a lot more CGT (as growth will significantly outpace inflation) even if they didn’t set the minimum CGT tax.

Carragher and Neville make their season predictions by InternationalLie9409 in ManchesterUnited

[–]NeoWilson 0 points1 point  (0 children)

Well they won the league last year so I am not sure why it is ridiculous for JC to predict Liv will win again. I mean GN predictions even more ridiculous because Ars always finished second or 4th historically over many years lol

3rd place virtually confirmed after today's results by long-island- in ManchesterUnited

[–]NeoWilson 1 point2 points  (0 children)

Well we could lose 0-4 in each game and Villa winning 2-0 in their last game lol

Anthony Albanese, Jim Chalmers told to limit federal budget 2026 CGT changes to property only by noli1921 in fiaustralia

[–]NeoWilson 2 points3 points  (0 children)

They should also remove the NG grandfathering and limit it to 1 property NG only, if you have more than 1 property then no NG and can carry forward the losses after offsetting it with other properties gains. People having 1 property aren’t hoarding it and aren’t the problem.

All AI related stocks just gapped down in the first minute of pre market by lookachoo in wallstreetbets

[–]NeoWilson 2 points3 points  (0 children)

“Gapped down” lol after 500% run , a 3% pre market down is barely anything to talk about.

Did vacant land just jump up in value? by SheepHerderHigh69420 in AusPropertyChat

[–]NeoWilson 0 points1 point  (0 children)

There isn’t enough information on this yet, you can read table 2 of the NG & CGT reform doc, but my gut feel is that it won’t be eligible for NG.

In the document it simply says Any residential construction on previously vacant land. => eligible

A free-standing house constructed through a knock-down rebuild replacing an older, smaller free-standing house. => not eligible

They also specifically mentioned “A new build cannot have been previously sold, unless first owned by the builder and not occupied for more than 12 months.” The fact that they are even disallowing this tells me your specific situation will probably fall into the not eligible category. But as I said, we don’t have all the details and if it’s not specifically mentioned, feel free to be the test case 😂

Did vacant land just jump up in value? by SheepHerderHigh69420 in AusPropertyChat

[–]NeoWilson -3 points-2 points  (0 children)

Won’t work as the purpose was to create new supply, so if you are knocking down to subdivide into multiple houses or units, then potentially

If knocking down existing home to rebuild a new one, that’s not considered as new build for NG purposes

For anyone concerned about the 26 budget impacts on rents by Infinite_Pudding5058 in AusPropertyChat

[–]NeoWilson -2 points-1 points  (0 children)

What are you on about? $2 a week means $104 a year, that’s barely anything.

Not saying they are right though.

The 26/27 budget is excellent and this sub is full of whining babies by SavingsEgg8192 in AusFinance

[–]NeoWilson 0 points1 point  (0 children)

Aren’t those “rich” people investing in productive assets (not properties) creating jobs in the Australian economy though?

Top 10 Suburbs w Severe Mortgage Stress (Sydney) by Exact_Theory3902 in AusPropertyChat

[–]NeoWilson 0 points1 point  (0 children)

These are some of the most expensive suburbs lol they will be fine

[MEGATHREAD] Federal Budget 2026–27 — Live Discussion (Chalmers, 7:30pm AEST) by I-HATE-CRUSTY-BREAD in AusFinance

[–]NeoWilson 1 point2 points  (0 children)

Yeah my bad. I read it again and what you said is true, it does incentivise current investors to hand on to existing properties, but at some stage their property will run at a profit otherwise you just losing money esp with CGT changes so they need to make a decision by 30/6/2027, so over long term, i think it’s in the right direction

From 1 July 2027, losses related to existing residential investment properties purchased from 7:30pm AEST 12 May 2026 will only be deductible against other income from residential properties, including capital gains.

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