Gemma Mitchell

As an EV advocate.

I think the timing around this is very generous, I think.

And I have been doing my research, one, because you are just constantly on about it, is that I'll probably have to upgrade my car within the next two years.

So I'm thinking, right, I'll just probably get in...

Yeah, so one of the ones that we're kind of thinking are the biggest ones that are playing on clients' minds, listeners' minds, are going to be the changes to capital gains tax, so to the capital gains tax discount.

Negative gearing is a huge one, and there was so much speculation, so keen to dive into that.

I think the tax cuts are great, but if we actually look at how much the net impact of this is,

pretty disappointing.

I think that's just, it was kind of just like, oh, by the way, here's a tax cut in all of this devastating tax thing.

Yeah.

I think, you know, the average person will be $500 better off a year and add the 250.

So let's talk about that.

And then the discretionary trust, I think that's going to impact a lot of strategies that we do as financial advisors.

Yeah, I've got mine set up as well.

And I know we've talked about it before.

And lots of people have these structures and they're quite expensive to maintain.

So now once this comes in, it'll be, hey, does this structure still make sense from an accounting and ongoing but also now the tax distributions?

But there's lots of reasons why you might have a trust outside the tax benefits, like from a protection perspective.

So this is why when you hear changes like this, you don't automatically go, right, that's off the table for me because there's the tax benefits of property, of trusts, of all these different things.

That's a cream on top of another strategy.