Steph Chalmers

what else was going on for investors, for business.

And yeah, it's been really interesting to see that things like the capital gains tax discount don't just apply to property investment.

They obviously apply across asset classes.

So I was able to kind of take that frame to it and delve into what it could mean for other assets that people invest in, mainly shares.

And we've been hearing from a lot of people writing into us in recent weeks and also since last night saying, hey, I'm actually a young investor.

I was looking to get into the share market to try and build some wealth because I haven't been able to get into property.

And now I'm kind of caught up in this.

So

Yeah, there definitely are ramifications far beyond just property, which has been grabbing the headlines.

Yeah, so in that sense, they were sort of, as you say, potentially taking some things away with one hand and giving with the other.

But just on the capital gains tax discount and how it applies to the startup and tech sector, they have essentially been carved out for now.

There was a thing in the budget saying that they acknowledge the unique characteristics of the tech and startup sector and flagged that they will have

period of consultation with that sector.

So I think that will kind of keep that sector in a watch and wait mode, that they will have the opportunity to put these criticisms that they'd been making public in recent weeks, you know, through some consultation process and then

that there will be some sort of modified version of this relevant to early-stage start-ups that are obviously looking to make a big capital gain over time by growing their business.

And the government is obviously aware of potential criticism around, you know, you're dampening growth, you're potentially –

seeing companies that could have grown in Australia maybe look for more favourable tax jurisdictions overseas.

So they've sort of put a pin in that for now and say, we will consult with the sector.

And part of that criticism was around employee share schemes.

So some of the vocal critics were saying that