00:01They're worried about these changes just as they say they have been using the existing
00:08system to build plans to try and secure their future.
00:13So as we know when we talk about capital gains tax changes, that 50% discount will be abolished
00:20from July next year and replaced with cost-based indexation.
00:25So that means that any gains you make on these investments will be adjusted for inflation.
00:32But keep in mind any gains made even between now and July next year still falls under the
00:38existing system.
00:39For example, I did speak with a 28-year-old high school teacher by the name of Vanessa.
00:46She said that she had been investing in exchange-traded funds or ETFs since she was 18 years old.
00:55And, you know, she believes that overall these reforms are a step in the right direction.
01:02But she has concerns because many of these high-growth ETFs as well as crypto, they can often or they
01:12can sometimes provide gains that are much bigger than inflation.
01:16The government, and we did hear Jim Chalmers, the Treasurer, talking earlier today as well,
01:23keen to emphasise that they believe these new rules will make things fairer, that basically
01:29taxed, that the gains are taxed on real gains rather than this broad 50% discount as well.
01:36But the young investors that I've been speaking to certainly, they're worried and they want,
01:41and they're trying to figure out sort of what are the next steps, whether they should be
01:44changing their plans going forward.
01:47So rentvestors are also impacted, first of all, what are rentvestors and what changes
01:52can they expect?
01:54Yeah, indeed.
01:54So a rentvestor is basically somebody that decides to rent in a place they choose or because of
02:02work and by somewhere else and that somewhere.
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