James Wrigley

Whereas in the current world with the 50% discount, the worst is 23.5%, like you were mentioning at the start of the show.

But now all of a sudden, in the new world where you don't get this CGT discount, you're minimum 30% taxed.

They will, yeah.

And I think the big thing that, as you just kind of touched on, is around this loss ordering and some of the...

accounting institutes have written a bit about this and there's a lot of people kind of upset about it.

But through the legislation that we've seen, it looks like they're going to bring in some loss ordering, which says the losses that you have, whether you're carrying them forward or whatever, but the losses need to first be applied to gains that you've made under the current 50% discount method.

You need to use those losses proportioned against that part first before you can use the losses against it.

That's it.

So, yeah, you've got to use those losses against the gains that you made under the current 50% rules first before you can use it against the current or the current, you know, or what will be the future, you know, 30% rules, which means those losses become less valuable, I guess, if you, you know, this is what they may be otherwise would have if you could be selective with what you can offset them against.

Yes.

Yeah, sure is.

It sure is.

And particularly, as you said at the start, every week there's different things that are changing.

You think you've got your head around it and then all of a sudden there's an announcement about something else.