Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi Gents, With regard to your comments on Wednesday about the Budget potentially targeting the CGT discount. Mum and Dad property investors are soft targets, but if the Govt comes after equities they're going to be affecting the likes of major banks, investment firms and Superannuation funds, not just Mums and Dads. Isn't that political suicide, because they have no means of differentiating between the two.
Hi David,
In a normal electoral process, we would agree 100% but Labor have a huge majority and remain miles ahead at the polls as the Liberals continue to go backwards leaving the government more room than is ideal in many people’s opinion.
Historically the government like to pre-release much of the budget to avoid major market ructions and at the moment property and shares are getting plenty of airtime. If/how any grandfathering is one of the biggest issues that will be scrutinised on budget night, but for now markets hate uncertainty.
Our (biased view) is they have no reason to touch equities. Proposed changes to CGT for housing is to address affordability issues.
Take a free trial.
No payment details required.
Forgot password? Request a One Time Password or reset your password
One Time Password
Check your email for an email from [email protected]
Subject: Your OTP for Account Access
This email will have a code you can use as your One Time Password for instant access
A link to create a new password will be sent to the email address you have registered to your account.
Hi, this is only available to members. Join today and access the latest views on the latest developments from a professional money manager.
Our Smart Phone App will give you access to much of our content and notifications. Download for free today.
