James Kirby

Yeah.

So that's it, folks.

That's as far as we know.

So try and digest that if you can in relation to property.

And now we will swing to broader investment issues, which involves shares and businesses.

We'll take a short break and we will be back to you in a moment.

Hello, welcome back to the Australian's Money Puzzle podcast.

I'm James Kirby, talking to Will Hamilton of Hamilton Wealth Management, regular on the show and my regular guest on the Budget Special.

We are talking about what we know so far and what you may or may not do.

in relation to your investments that have been affected by the budget and they will be affected, that's for sure.

Let's pan it out a bit wider beyond property, Will.

Now, negative gearing changes actually were restricted to residential, so keep that in mind, folks.

So from here on, we talk about the wider market, we're talking about the capital gains tax changes.

The really big one, obviously, is for shares.

When I buy a share of any company, when I sell it after a year, I expect to get a 50% discount on my marginal tax rate.

So it could be 47% and I expect it to come down to about 25%.

But that's really going to change with this new arrangement where the tax rate's going to be much higher, isn't it, for the gain part of listed investments, for the gain part.

So if I have two shares to choose from,

I have one where I know it's all about gain.

Let's just take, say, WiseTech, the tech company.