Show Notes
In this Australian Retirement Podcast episode, your hosts Drew Meredith, from Wattle Partners, and James O'Reilly, from Northeast Wealth, react to Treasurer Jim Chalmers' Federal Budget bombshell - the biggest shake-up to property and investment tax in a generation.
Negative gearing has been axed for future purchases of established property. The 50% CGT discount is gone, replaced by an inflation indexation model. And for the first time, a 30% minimum CGT rate is being layered in - mirrored by a matching 30% minimum on discretionary trust distributions - aimed squarely at older Australians who'd otherwise pay less tax in retirement.
Even pre-1985 assets, untouchable for over 40 years, are being dragged into the tax net. Drew and James talk through what's grandfathered, what isn't, what the 1 July 2027 start date means, and why anyone running income through a family trust needs to revisit their strategy.
If you like this Australian Retirement Podcast episode on the Federal Budget, you'll love the series. Don't forget to subscribe for weekly shows on Apple, Spotify, YouTube or wherever you get your podcasts.
Topics covered today
The headline changes from Chalmers' Budget
Negative gearing - what's been axed, what survives, and the new-build carve-out
The death of the 50% CGT discount and the move to inflation indexation
The new 30% minimum CGT rate - and why retirees are the real target
The 30% minimum tax on family trust distributions
Pre-1985 assets brought into the tax net for the first time
What's grandfathered and what to do before 1 July 2027
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