James Kirby

That's one thing.

Capital gains tax.

There's a little throwaway line in the budget that says that some aspects in relation to startup companies are

will get further consideration?

I think there might be some room, wriggle room there for some exemptions perhaps?

And you end up with a punitive tax rate that's kind of out of line with other tax rates.

Is it

And they've no consequences at all, of course.

They're not compensated by the early stage investment company exceptions or anything like that?

Yeah, not everybody is creating a tech company, as you say.

Okay, the other one, I don't know how you come on this, but as I read it, and we had it, again, I published this morning and I haven't had anyone...

on the line telling me I'm wrong with the negative gearing rules because the cutoff date is budget night and the wording in the budget papers is to the effect that it covers all properties on budget night owned, then the way I read it, and I'm reading it obviously having talked to a variety of experts in the field who say the same thing, if I own my house then on budget night,

And if in five years' time I decide to move somewhere else within Australia, I can take a second look at my old home, no longer my primary residence, but let's say I still own it.

Well, the law said you can negatively gear from that night.

And that would mean I could negatively gear.

I could be in the lucky few that are in the grandfathered category.

Is that you really, Albert?

Keep that in mind, folks.

Your home will be your future investment property and you could negatively gear it.

How about that?