Vince Scully

Whereas if you otherwise want to buy.

If you're buying an investment, if you want to invest in an investment property,

They do, but you don't have to go to the edge of town and you don't have to buy an off-the-plan apartment.

You can actually buy something in an established area and benefit that way.

For new properties.

So I'm going to deduct 6% for inflation.

Well, the greater of your marginal rate or 30%.

Yes.

And for most practical purposes, if you're making a gain of that size, your marginal rate is more than 30% anyway.

Given that $45,000 gets you into the 32% range.

Yes, it could very well do because the general incentive today is to wait till your income drops.

Subject to potentially sheltering someone with a concessional super contribution.

But generally the incentive is to wait till your tax rate's lower to sell your property when you now need the income to retire on.

And this will change that dynamic a little bit.

I mean, bringing pre-1985 assets into the CGT.

Well, they will care when they inherit mum's house.

Because they won't get they won't get a market based cost base when they get it.

They'll get an adjusted purchase price.

So, yes, it will matter.

So you would think that the –