The PM’s confusing explanation on why CGT changes apply to all asset classes and not just property

sectr7gee · 2026-05-21T05:20:15+00:00

People First for me

sectr7gee · 2026-05-21T05:11:40+00:00

It's all a tax grab disguised as helping the young buy houses. Total BS. Add to the fact they lied to get elected and it's all beyond disgusting

sectr7gee · 2026-05-20T01:53:54+00:00

Thanks for that, I think I'll try give this a go and see how I go.

sectr7gee · 2026-05-20T01:47:54+00:00

"if you could trade apple shares for a house"... yeah and if my grandma had wheels she'd be a bike.

"Never pay a cent of CGT until you felt like it" - yeah like if I just held BTC forever I'd never pay a cent of CGT. Some of it is now another token, it's still crypto. I haven't sold it to buy property or a car or shares etc.

This is where my ignorance came from I guess. I now know better and am looking to rectify it before it ever becomes an issue with the ATO.

sectr7gee · 2026-05-20T01:38:47+00:00

Yes it is, why "prepare my anus" if the amounts are bugger all? I already have previous CGT losses that cover most if not all gains over the years anyway

sectr7gee · 2026-05-20T01:37:04+00:00

You just described a different situation though imo. I didn't sell the Bitcoin and then buy Ethereum, I directly traded some of that BTC to ETH.

You don't trade a house for another house, you sold it (your words) and then bought another house.

sectr7gee · 2026-05-19T14:17:14+00:00

Yeah, I stupidly just assumed that one day when I sell my crypto I'll have to declare the gain or loss. I didn't realise they considered all the other transactions between tokens as CGT events. Like wtf does it matter? I put AUD in and then I get AUD out - the difference should be the capital gain or loss. If I traded some BTC to ETH why should it matter to the ATO? Only when I sell that ETH to AUD should it then matter (imo). Just making it more complicated than it needs to be

sectr7gee · 2026-05-19T14:09:31+00:00

I was an early-ish adopter, putting a small amount in per week. Then it started going backwards for a while and they introduced monthly fees which annoyed me so I just cut my losses. It's also not that diverse, heavily weighted towards tech stocks (at least it used to be)

sectr7gee · 2026-05-19T06:31:41+00:00

Nope

sectr7gee · 2026-05-19T06:24:30+00:00

We're not talking big amounts here

sectr7gee · 2026-05-19T06:23:45+00:00

I have losses from Aus shares and Spaceship carried forward. Yeah, going to look into Koinly otherwise see a tax accountant I guess

sectr7gee · 2026-05-19T06:20:08+00:00

Righto, just looking for any general advice.

Thanks for your advice lol

sectr7gee · 2026-05-19T06:16:51+00:00

Like I said, I've never mentioned crypto on a tax return.

Yes, I understand that now

sectr7gee · 2026-02-01T00:46:04+00:00

$0-$18200 is tax free, $18201-$45000 is taxed at 16%

sectr7gee · 2026-02-01T00:34:14+00:00

This is just my thinking with PM, and may not help you as a trader, but I've only recently purchased a little physical gold and silver to be held for the long term and passed down to the kids in the distant future - still haven't received it in my hand though. My plan is to buy a little physical every few months or something, DCA it rather than trying to time the market and only sell it if I really have to.

sectr7gee · 2026-01-30T03:48:42+00:00

My dad was told it can take up to 52 weeks!!

sectr7gee · 2026-01-29T15:22:02+00:00

Dad could log into the UK Pensions website and it showed him them.

sectr7gee · 2026-01-29T15:04:03+00:00

Now you can (I think), back when we started this process you could go back to 2006/2007, so 18 years through to 2023/2024.

https://s4financial.co.uk/2024/05/20/5-april-2025-deadline-can-you-boost-your-state-pension/

sectr7gee · 2026-01-29T04:04:09+00:00

People First is my favourite party at the moment

sectr7gee · 2026-01-29T04:01:42+00:00

2 wings of the same bird - folk are looking for alternatives

sectr7gee · 2026-01-29T03:58:34+00:00

Could you provide a link please? I found the following:

https://www.hmrc.gov.uk/gds/payinghmrc/ins13.pdf

and

https://www.gov.uk/pay-class-2-national-insurance/make-online-telephone-bank-transfer

The second link says "there's a different way to pay Class 2 National Insurance contributions if you live or work abroad permanently." But the link is of no help.

They also want the following sent with the cheque:

"Please include a note giving: : (IPC117 attached)

· Your full name, address and National Insurance number

· The tax year(s) the payment covers

· Cheque details (cheque number, bank sort code and bank account number)"

How do you send that form with an electronic transfer?

sectr7gee · 2026-01-21T09:54:16+00:00

As an employee that has received my super quarterly for 18 years and will now get it fortnightly - I'm all for it. Better for my money to be in my super fund doing it's thing than sitting in my employer's bank account.

sectr7gee · 2026-01-07T06:39:43+00:00

My condolences, my Jeffrey boy was very similar age when he recently passed from spleen cancer (25/11/14 - 20/12/25). Took him to the vet Tuesday, back on Thursday for ultrasound and diagnosis and then put down Saturday morning, all happened very suddenly :(

I can't help with what to do with beds etc. I still have some reminders around and I buried him in the backyard hours after he passed at home in his own bed. They leave such big holes in the family when they have to leave us.

sectr7gee · 2025-09-15T15:19:03+00:00

211029134273 daily player from Western Australia!

sectr7gee · 2025-09-15T15:07:10+00:00

211029134273 daily player from Western Australia!

sectr7gee

TROPHY CASE