Vince Scully

I mean, you and I spent a fair bit of time in Canberra.

Yeah.

Yeah.

I mean, this messaging was always going to be difficult.

And the bigger problem was always that, you know, they said they weren't going to do it and they did it.

But if you can't do it now with that size majority and –

opposition in tatters, the odds of losing... Because remember, at the start of the year when Phil Currie leaked the CGT change, it was only on property.

When you look at the numbers, there's seven times as much CGT paid on real estate than there is on shares and trusts – sorry, listed shares and trusts –

Well, if you're a 32 cent taxpayer, it's probably not the right idea.

I mean, that 30% floor I think is the bigger thing to worry about.

But you've got to think that there's a relatively small section of the population.

I don't know what the numbers are, but you've got to have someone who's got –

non-capital gains income of less than $45,000 and not entitled to an age pension.

That's a pretty niche group in the population.

Well, let's just deal with what's actually changing.

So nothing will change in terms of CGT or deductibility of interest on a share portfolio until July 2027.

And at that point, you'll get your updated cost base at the time.

So the question really remains...

Am I happy with a guaranteed 6% after-tax return by offsetting the money against my homeland?

Or do I want to potentially earn more?