u/KnowTrident

🚨 The Hidden Trap in the 2026 Budget CGT Grandfathering Rules

existing property don't keep the 50% CGT discount forever.From 1 July 2027, the 50% discount is abolished for established real estate. Any capital growth achieved after that date shifts to inflation-indexation with a 30% minimum tax rate.

When you sell, the ATO lets you split your profits using two methods:

The Valuation Method:

The Time-Apportionment Formula:

picking the wrong method can cost you tens of thousands in unnecessary tax.

u/KnowTrident — 1 day ago

Will investors ever buy old properties if they won't get Negative Gearing benefit, Unless it's a positive cashflow property?

What will happen to old properties coming on to the market? Why will people buy IP if they don't get negative gearing? Not many go for first homes.

Also those grandfathered existing IPs, when people want to sell, no Investor would buy them as they won't get negative gearing? Will sales be low and days on market be very high going forward?

@PK what do you Think.

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u/KnowTrident — 2 days ago

AI Payslip ?

Corrected: My friend just had their home loan On Hold by the bank because their broker flagged their payslip as AI generated...

it wasnt!!! like what is even happening out there??

has anyone else had a perfectly legit document get rejected like this and how did you deal with it?

Update: Bank approved the loan post income proof submissions. Although, They did not reveal why they marked the document incorrectly as AI generated. So The banks system is not fool proof.

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u/KnowTrident — 3 days ago
▲ 3 r/AustralianAccounting+1 crossposts

Extra fees from accountant

My accountant just told me they need to start charging extra fees from July because of the new AML anti money laundering laws coming in...

seriously how much extra are people paying for this??

has anyone else been hit with unexpected fees from their accountant lately and did you just cop it or push back?

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u/KnowTrident — 3 days ago