The Australian Federal Budget handed down last night has lots to digest - especially with changes in tax.
It will take time to transition arrangements for Discretionary Trusts, Capital Gains Tax (CGT) and Negative Gearing and understand impacts to the economy, as well as households.
Something we have seen discussed with changes to CGT, Negative Gearing and Family Trusts, is how could investors change behaviour?
Will more buy in Companies?
Will they buy property in SMSFs?
Will they purchase new properties, or existing dwellings?
Or consider Commercial Property if not already?
What are the Pros and Cons of these options, given new tax rules?
Disclaimer: Tax laws are complex. Consult with a qualified accountant or solicitor before making investment decisions!
One thing is certain, tax professionals will be VERY busy in the coming few years.
Truly's advice, financial services and property strategies are complimentary. We do this for the best interests of our clients and we relentlessly strive to serve as the best mortgage brokers in Australia with uncommon excellence!
James Brett. Principal Mortgage Broker ☎️ 0439 591 759
Victor Simone. Principal Mortgage Broker ☎️ 0449 659 029
Nermalee Bowe. Senior Mortgage Broker ☎️ 0431 274 554
Dragan Disljenkovic. BD & Relationship Manager ☎️ 0422 435 900
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