James Kirby

James Kirby with Andy Darroch.

of Independent Wealth Advice, who is, as you can gather, an independent wealth advisor.

That's why he's able to talk so freely on this show.

And that's the advantage of independent advisors, of course, which, as you know, I like.

All right.

Mark says, Mark asks, there is a lot of noise regarding the current 50% discount on capital gains tax for assets sold after 12 months.

Prior to this, the cost base was indexed to CPI.

Now it looks like it's going to be reduced.

That's the discount is going to be reduced from 50, perhaps to 33.

Has anyone giving thought to how that capital should be assessed today?

Or should it be averaged over the life of the gain?

Mark, the room was swirling swirl.

They're going to do something with CGT.

I was pretty convinced they were going to cut it from 50 to 33%.

That's the discount.

Perhaps they'll go back to the old way.

Back to the future.

What do you think, Andy?

As a journalist, I'm disappointed with the amount of tacit leaking.

Oh, there's not enough?