u/AsparagusNew3765

Unpopular opinion coming through

Most comparable developed countries have inheritance taxes at high minimum estate values. Because they are widely viewed as the most fair and equitable form of taxation - not taxing you for your hard work or intelligent decisions, just purely for winning the lottery of being born into a wealthy family.

Having zero inheritance taxes is simply laying out the red carpet for entrenched, generational wealth and class differences.

Is this too much of a political hot potato to be touched? "Every worker in the country takes a massive income tax cut, but we balance it with a new 20% inheritance tax on estates worth over $3mil" type of thing.

What is it about Australia in particular that dislikes inheritance taxes whereas many comparable countries don't have such a strong reaction?

Edit: Some of the replies are missing the point. Let's assume that the revenue from the inheritance tax was used to decrease other taxes such as income tax. Reducing the tax burden on workers. Of course you could argue that is unrealistic - but that's a different issue.

I work hard in the construction industry, lots of overtime, whatever I earn in overtime I try to put roughly 50% of the after-tax it into shares, on a good week it's about $200 a week. My family history is very working class, and I always dreamed of trying to improve my lot in life by having some assets that work for me (and obviously I have decided on the stock market route). Since the budget I have been reading non stop about how people like me are "parasites" "lazy scroungers" "investing is just gambling" and "pay your fair share" etc (despite the fact that even on the 50% discount our CGT was still relatively high compared to most countries). The general sense I'm getting is "how dare you try to improve your situation". Do you think it's always been like this or these types are just coming out of the woodwork more?

Convince me it's a bad idea?

I'm increasingly thinking that, because I (like most of you) earn wages in Australia, GGBL will at least give a bit of diversity away from the Australian economy (although it will still be correlated, just not as much as G200)

Unpopular opinion maybe but reasonable accidental damage in a rental should be counted as fair wear and tear

How is it humanly possible to live somewhere for years and never have an accident. I'm not talking about major obviously intentional damage but for example grazing a wall, chipping a tile etc.

I was just experimenting with knots which can be used to squeeze down tightly on an object and not lose tension (e.g. a bedroll)

I tried both of these knots and think both achieved a similar squeezing force

I tied the constrictor with a quick release bight and both that and the woodland zip tie were very easy to untie even after a lot of pressure

Is there anything between these knots? Which do you prefer? Any other good knots for this application?

"A Stocks & Shares ISA is a tax-efficient account that lets UK residents invest up to £20,000 each tax year without paying UK Income Tax or Capital Gains Tax on investment growth or dividends"

Many other higher CGT countries do similar things. France, Denmark etc.

The idea is to have decent CGT on the very wealthy while not being a huge burden on lower income investors (yes, we do exist).

From my research I think Australia is now the only country in the world that has both very high CGT while also having no alternative system for share investors (and before you start spamming "super!" - that's completely different as it has obvious age-based restrictions on access)

This might sound like a weird question but I was just admiring some of Australia's huge national parks and it got me thinking what it would be like to just bush-bash for days and days, no trail just making your own way, going to places where possibly no human has ever stepped foot

(disclaimer - yes I know it would be dangerous, just a fantasy at this point in time)

I was reading about Gerringong Falls, which, from the pictures, looks spectacular. It has a very difficult hike down to the base and saw very low numbers of visitors.

Recently the unofficial track to the bottom was banned and restricted and even crucial parts of the access route were physically destroyed (such as filling in a rock chimney that needed to be climbed). Anyone ignoring the ban are threatened with heavy fines.

On the one hand, if anyone injures themselves during the hike then they will most likely be rescued using taxpayer money.

On the other hand, I'm not sure I'm a fan of authorities restricting access to natural areas in this way. It's yet another extension of "nanny-stateism" and while we probably need to draw the line somewhere, this might be excessive.

Of course, redditors being redditors (leaning more towards the pro-do-as-you're-told/stay in the house and watch TV camp), this is going to be a biased sample but still interested

My main drive to investing is so that one day I can maybe go overseas for a period of time. Maybe a few years in a low cost of living country (visa permitting) then return to Australia, work for a few more years, go overseas again, etc. I'm in construction so it isn't too hard to jump in and out of work.

I don't wait to delay these things until my 50s/60s+ which could potentially be when my health starts falling off etc

I've always had this as my goal but never heard much discussion about it.

Sorry if already posted but this might be huge news for some people aiming to retire early, or just simply take some time off work, maybe to travel etc.

I read this comment here, quote:

https://www.reddit.com/r/AusFinance/comments/1ul7dp9/comment/ov2i7tw

"Virtually everyone that is genuinely low income is exempt.

any payment whatsover even as little as $1 or less of any income support payment (which anyone genuinely earning under 45k should be except for maybe a few edge cases) at any point in the financial year will exempt you from the floor.

https://www.legislation.gov.au/C2026A00049/asmade/2026-06-26/text/original/pdf

you can see under section 119-15 which payments are eligible, and it includes quite a broad set of them so there is now clarification rather than just the vague wording of the budget night papers which was just "Income Support Payments like Jobseeker and the Age Pension". It even includes Parental Leave payment, which was initially a concern some people had about a partner taking time off to care for a child and liquidating unrealised capital gains to make up the income loss.

another payment that Qualifies that i was initially unsure of is the Family Tax Benefit."

Sorry if already posted but this might be huge news for some people aiming to retire early, or just simply take some time off work, maybe to travel etc.

I read this comment here, quote:

https://www.reddit.com/r/AusFinance/comments/1ul7dp9/comment/ov2i7tw

"Virtually everyone that is genuinely low income is exempt.

any payment whatsover even as little as $1 or less of any income support payment (which anyone genuinely earning under 45k should be except for maybe a few edge cases) at any point in the financial year will exempt you from the floor.

https://www.legislation.gov.au/C2026A00049/asmade/2026-06-26/text/original/pdf

you can see under section 119-15 which payments are eligible, and it includes quite a broad set of them so there is now clarification rather than just the vague wording of the budget night papers which was just "Income Support Payments like Jobseeker and the Age Pension".

It even includes Parental Leave payment, which was initially a concern some people had about a partner taking time off to care for a child and liquidating unrealised capital gains to make up the income loss.

another payment that Qualifies that i was initially unsure of is the Family Tax Benefit."

Best demonstrated with a hypothetical example - say you own a single ETF that has 8% capital growth every year for 10 years, and inflation is exactly 4% every year too. Most reasonable people would say that, since inflation has been half of the capital growth every year, then the cgt should be halved (for the inflation adjustment). This is how at least 95% of people (including many politicians!) believe the new rules will work.

But - correct me if I'm wrong - this is not how it will work in reality, where instead, the 4% inflation rate will compound by itself so in the above example would result in a much lower cost base (and therefore higher cgt bill).

(Because as one user below put it:

1.04 ^ 10 = 1.48 = increase of 48%

1.08 ^ 10 = 2.159 = increase of 115.9%

So more than double)

I got a Waze pop-up message at the exact same time I clicked my screen. All I remember is I clicked the "I understand" button, and now I'm just wondering what it is that I understand? Has anyone else got that message today?

I emigrated from my home country 3 years ago, I have been using 2 WhatsApp accounts (my old home country phone number and my new country phone number), but it has always annoyed me (I like things to be simple). I don't have many contacts in my new country WhatsApp though so hopefully I can just tell those contacts to add my username for my main home country account and then delete the new one?

For example there's a roundabout near my home which is a busy main road going straight through with a smaller side road joining on to it. A bit like a T-junction but with a roundabout. Always got a queue. The roundabout has two lanes and I always wonder why they didn't design it so that the left lane on the main road can simply go straight through regardless of traffic on the inner lane of the roundabout

I've been investing in shares for around 6 months. Tried a few different ETFs etc. Buying small parcels here and there. Made a small capital gain (around $300). I'm having a desire to sell everything tomorrow and then rebuy early in the next FY. Just so that I can do a big "tidy up", pay the taxes on everything so far and wipe the slate clean. Is this a bad idea for any reason?

I was looking at the relatively poor performance of the Betashares IIND (up around 22% since 2019) but then looked at a chart for India's NIFTY100 and since 2019 it's up around 125%. 22% vs 125% - that's a huge difference.

Now, I know they are different things and never going to track each other perfectly, but still, you'd expect a much higher correlation than this. Is it all basically because of the sharp depreciation in the INR vs AUD? The Betashares ETF isn't currency hedged.

I mean how does the new CGT system (after July 2027) compare to the old one that was before the current one? Only interested in shares in particular

Edit: To clear up any confusion:

Current system: the one with the 50% discount

New system: The one that comes in after July 2027

Old system: Whatever was before the current system

I work in construction (in Australia, if that wasn't already obvious). Which is an industry that often gets hit hard in times of recession etc. I have a lot of shares in A200 (Betashares ASX200) but I was thinking that means I have a lot of my eggs in one basket. If the Australian economy does well, I do well in both wages and stocks. But if the economy does badly, I might have a dual hit of both losing my job and my stocks decreasing sharply at the same time. (I'm sure it's a similar story for many of you reading this)

What would be the ETFs that are least correlated with the Australian economy? Obviously in something like a 2008 the whole global economy tends to get smashed, but I assume there are still stock markets which do less badly.