Stephen Mayne

So I'm really surprised that the labour government's gone for that.

I suspect that might be an area they tweak.

Yes.

But meanwhile, if you're in super, your capital gains tax rate is only 10%.

So they're not being consistent.

I mean, super is just a special.

Super is like the Vatican, just totally protected and special.

Now, we did have a question.

I'll just summarize it.

It was later on in the piece.

We've got, you know, like 20 questions.

But

One person wrote in and pointed out that there used to be a provision back in the old days when you had the CPI thing of the five-year smoothing provision where if you did have a capital gain in the 90s, you could smooth it out over five different income tax years.

And that's not proposed to be coming back when we go back to the 1999 rules.

So this correspondent was saying that it makes the changes even more brutal because it's not returning to the old system.

It's returning to a tougher version of the old system because we used to have this five-year smoothing where you could spread your capital gain over five years.

And now if you have your windfall of one year, you're going to cop the full amount in that year and you're going to be up to 47% before you know it.

So maybe that would be a little compromise is to return to the 90s era smoothing of your capital gains over five years.

Oh, there's quite a few people getting stuck into me for being too critical of the government.

You're a bunch of hypocrites.