u/Bright-Cat9882

The craziest thing about this video was at the end where the lady stated something along the lines of young people starting a business was the way of becoming a first home buyer.

Look at the country we have become, the only route to stable home ownership in this country is seen as starting a business of which most new businesses fail.

Starting a business should be seen as much more as just a way to purchase your first home. A nurse should be able to purchase their own first home in this country.

The greed of our landlord class has become astounding.

I think this is a huge announcement which has been completely overlooked by everyone with the budget. I see it as hugely beneficial for property investors as when you sell that's when you end up getting bumped into the 47% income bracket.

Under the proposed measures, from 1 July 2027, losses from established residential properties acquired from 7.30 pm (AEST) on 12 May 2026, will only be deductible against rental income or the capital gains from residential properties.

Previously this was not possible, rental income and losses were separated from CGT?

Thoughts?

"Bell et al (2019) show that children born to parents in the top 1 per cent of the income distribution are 10 times as likely to become inventors as those born to families with below-median incomes," Leigh noted.

"Those gaps persist even among children with similar mathematics performance in early life."

In other words, kids who grow up with money benefit from a familial safety net that allows them to take risks in their lives, like being an inventor.

“In the absence of this, an investor could still effectively access the CGT discount for an investment property – for example, by purchasing it through a company and later realising the capital gain through the sale of the company.”

Complaining about paying tax on a startup valued at $100m is a bit rich and seems quite out of touch to me?

Why shouldn't they pay the top tax bracket if they sell? Everyone else earning more than $190k pays 47%

This is absolutely shocking, good on you for making a successful business but mate, pay your taxes too.