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Treasurer Jim Chalmers handed down the federal budget and the proposed changes to capital gains tax, negative gearing and family trust distributions could significantly affect how Australians build wealth. In this special episode, Capital Partners founder David Andrew and wealth advisor Aden Wilkins speak with Nick Menegola to break down what has actually been proposed, who it impacts, and why you should not be making any rash decisions just yet.

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Follow Nick Menegola:
LinkedIn: https://www.linkedin.com/in/nick-menegola-490b64123/
Website: https://capital-partners.com.au/team-members/nick-menegola/

Follow David Andrew:
LinkedIn: https://www.linkedin.com/in/davidandrewfamilywealthadviser/
Capital Partners: https://capital-partners.com.au/team-members/david-andrew/

Follow Aden Wilkins:
LinkedIn: https://www.linkedin.com/in/aden-wilkins-40b006105/
Capital Partners: https://capital-partners.com.au/team-members/aden-wilkins/

Follow Capital Partners on socials:
Facebook: https://www.facebook.com/CapitalPartnersPWA/
LinkedIn: https://www.linkedin.com/company/capital-partners-3/
Instagram: https://www.instagram.com/capitalpartnersprivatewealth/

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Chapters:
(0:00) Welcome and Wins of the Week
(3:55) What This Budget Is Really About
(6:15) Who Does This Budget Actually Hit
(11:45) Capital Gains Tax Changes Explained
(17:00) The 30% Minimum Rate and Pre-1985 Assets
(20:00) Negative Gearing: What Changes and What Does Not
(23:15) Beware the House and Land Package Spruikers
(27:30) Family Trust Flat Tax
(31:15) Real Example: What It Means for a Small Business Family
(37:25) Why Super Becomes Even More Attractive
(40:00) The Trillion Dollar Debt in Perspective
(43:40) Who Needs to Be Paying Attention Right Now

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Recorded and produced by Podwave Studios https://podwavestudios.au/

The Purposeful Investor Podcast is a public service provided for Australian investors wanting to make smart decisions with their money, avoid costly mistakes, look after the people they care about, and, have a great life!

We draw on over 30 years of experience from David Andrew and the Capital Partners team.

For more information on Capital Partners' award winning team, visit capital-partners.com.au.

Have a question? Email us ask@capital-partners.com.au.

This episode provides general advice only. We do not consider your personal circumstances when we share this information. Always refer to your financial adviser for advice about your personal circumstances.

Capital Partners Consulting Pty Ltd AFSL 227148 trading as Capital Partners Private Wealth Advisers ABN 27 086 670 788.