Liam Shorte

But when you're talking in terms of a small business owner,

You might buy a property for a million dollars as an individual investor, but for a small business owner, they may start a company and start a business with $100.

the inflation adjustment, it makes no change to that.

After 10 years, even if they've grown the business, you add inflation to $100 and you're probably talking $200 as your cost place.

And you may have built a big business.

You've done your blood, sweat and tears.

You've sacrificed everything, low salaries, probably no salary for the first five or six years.

And so you end up with a huge capital gain when you go to sell the business.

And there are small business concessions.

The government had come out yesterday saying, oh, there are generous concessions out there for people who've got less than $6 million of assets or turnover less than $2 million.

But those rules were set back in 2007, never index-linked, never increased.

And nowadays, just, you know, if you've got your business property in your home, but, you know, own your business property in Sydney, that's probably going up towards, you know, the four or five million anyway.

So it's going to be very easy to go over those six million.

And especially they're talking about new entrepreneurs bringing out new digital strategies and innovation.

We've seen the prices that they go for.

And also, a lot of those small business people, they entice experts in to work with them on the basis that they're going to get some shares in the startup.

You're going to see more and more tech people going, I'm going to sit on my $150,000 to $300,000 salary, and I'm not going to take a chance to go with a startup.

Or the startups, which I've already talked to a few this week, who were talking about either moving to Dubai or New Zealand or Singapore.

There will be some, but they are fairly tough rules to fulfill.

To fulfill.