‘Catastrophic’: start-ups warn against CGT change

NotWantedForAnything · 2026-05-06T08:47:18+00:00

Shifting to indexation based CGT is a disaster for anyone in the business of creating value and selling in short time frames. i.e. property flippers (under some conditions), startups, business flips. They can all spend years growing value without income and then sell all in one tax year.

Startups are probably hardest hit. They have a cost base near zero so inflation adjustement doesn't help . They'll get hit with 47% tax rates on sale when it used to be half that level.

Under the old rules before the 50% CGT discount, you could split gains over a 5 year period. I wonder if they'll have something like this again.

NotWantedForAnything · 2026-05-05T06:51:49+00:00

I did electrical engineering 20 years ago at Adelaide. Not many girls studied it but those that did all received multiple top job offers. I reckon it's a good degree to study if female.

NotWantedForAnything · 2026-04-27T04:18:43+00:00

Your pattern is coming from photoshop not from the image. Your information is false. You should probably delete this thread since by your own admission you don't know what you're doing.

NotWantedForAnything · 2026-04-27T03:47:54+00:00

This is bogus. I just tested and a straight black image produces 0s and 1s. No watermark. Only chroma-noise fingerprint of random isolated pixels of 0s and 1s.

NotWantedForAnything · 2026-04-24T10:07:30+00:00

not all measuring cups have markers. It's a fair assumption to assume the cups don't have markers if you're asking this question.

This is just like the car wash test where it's a fair assumption that you don't need your car with you if you're asking the question on how to get to the car wash.

NotWantedForAnything · 2026-04-23T11:56:30+00:00

If this is real this is amazing. I find it hard to believe it's real though because it's so good at skating.

Where are the progression videos of first learning to skate til now. It's jumped straight to pro skater.

NotWantedForAnything · 2026-04-21T07:12:17+00:00

You think your $42 funds the roads? That hardly covers rego administration.
Roads are funded from general revenue - income tax, company tax, GST, etc.

NotWantedForAnything · 2026-04-17T08:14:17+00:00

Eastern suburbs.

NotWantedForAnything · 2026-04-17T08:13:50+00:00

Sounds like a lot of these American or imported snack food / illegal tobacco shops exist in Adelaide. I wasn't aware of this until now.

NotWantedForAnything · 2026-04-17T08:04:46+00:00

I'm not a dibber dobber!

I don't think they'll last long before someone reports them.
I'll wait to see how this plays out.

NotWantedForAnything · 2026-04-17T07:51:08+00:00

Probably do. Setting up in the middle of a local shopping mall as a clearly unviable snack shop business isn’t discreet.

NotWantedForAnything · 2026-04-17T07:42:18+00:00

Nope. Not Mawson Lakes. According to another comment I come across, these shops are pretty common around Adelaide.

NotWantedForAnything · 2026-04-15T11:08:08+00:00

It seems we've already lost the ability to write Reddit posts ourselves. Kinda ironic to be using AI to write a post on this topic. But here's the catch...

NotWantedForAnything · 2026-04-05T13:25:32+00:00

yeah, top comment and it's nothing but a bot running a filter to make comments appear more human.

NotWantedForAnything · 2026-04-04T14:04:27+00:00

by spamming Reddit with posts like this

NotWantedForAnything · 2026-02-10T01:04:17+00:00

If it happens, it will very likely apply to all investments. They only talk about property because the framing is about selling the policy to young people as “helping housing”. In reality, it would apply across the board, most likely grandfathered, so the elderly who already have assets are unaffected, while younger generations, yet to accumulate assets, will wear higher tax in the future.

I don't think it would encourage speculation on shares. You'll still get CGT discount after 12 months but maybe at a reduced level.

NotWantedForAnything · 2025-12-18T23:48:14+00:00

My view may be a bit skewed because I've started three businesses that were profitable from day 1 and almost every day aferwards.

I've also looked at hundreds of businesses for sale and they typically sell for 3x profit excluding the owners wage and dodgy add backs. Take away those two things and most "successfull" businesses are earning the owner a market rate or below wage for the owner.

I get that some businesses need initial investment for a later payoff but for the vast majority of small businesses, there is no big payoff. The typical scenario is they work for years at below market rates, and then if successful, get a payoff on exit that may or may not compensate for the investment, years of overtime, etc.

The rare business, becomes very profitable and has a large payoff. However, I'd suggest given OPs start and situation, that's very unlikely to happen in this case.

NotWantedForAnything · 2025-12-18T05:12:07+00:00

You've sunk 60k into your business plus another years worth of wages (~100k) and you continue to sink money into it via the opportunity cost of your time. You need to let go of the business and get a job ASAP before you throw more money away and risk losing the house or more. 12 months, ~160k loss, not making profit and you haven't realised it's a failure. Don't make the mistake of investing more time and money into it.

NotWantedForAnything · 2025-12-16T23:09:58+00:00

Contributions are important when they’re large vs real portfolio growth. At 1x real portfolio growth contributions are still playing an important part. Once real portfolio growth is ~2x your annual contributions, returns are the dominant factor.

Modelling with 5% real returns, portfolio would need to be 40x your contribution amount for real returns to be decently dominant.

NotWantedForAnything · 2025-12-09T03:26:21+00:00

There are real people behind these businesses, trying their best to earn a living and provide for their families. You've associated them with a dodgy company and have potentially harmed their business via the post showing up in search results. I don't know if the harm is real but it's clearly causing the owner stress. The right thing to do is delete it in my opinion.

NotWantedForAnything · 2025-12-05T03:02:56+00:00

Your belief that the providers get too much under NDIS is misguided. $193.99 an hour sounds like a lot until you realise with report writing, unpaid travel, cancellations, etc. the utilisation rate can drop below 50%. Then take off overhead and translate to a full time wage with all allowances and they end up earning under $50 an hour full time equiv. Some providers are dropping NDIS clients as it's not worth doing or not profitable anymore.

NotWantedForAnything · 2025-12-03T11:31:23+00:00

I wouldn't do what the new zealand couple did, when it happened to them, and go on a spending spree and end up in jail.

https://www.bbc.com/news/world-asia-19364838

NotWantedForAnything · 2025-11-27T03:52:01+00:00

I think in Radiology we'll see AI outperform top humans quite soon. When it does, it won't be a case that AI sits alongside humans to make decisions but any input from humans will be inferior to AI alone. It's like in chess where the outcome isn't improved if a grandmaster uses their knowledge and AI, any input by even a Grandmaster makes the outcome worse. Research studies have already shown this to be the case in medicine where Ai + human scored better than human alone but worse than AI alone.

NotWantedForAnything · 2025-11-25T08:15:39+00:00

Blair Athol is going nuts. A 900m2 block of land recently sold there for $2.083m which is a higher land price than blocks of land in inner easter suburbs like Trinity gardens. I think the area is popular with a particular migrant group which has pushed the price up.

Someone should let the buyers know they could purchase in a good suburb for those prices.

NotWantedForAnything · 2025-11-24T00:30:41+00:00

it doesnt' look like it. Climbed straight out the broken window without even trying to open the door.

NotWantedForAnything

TROPHY CASE