Capital Gains Tax — The Rules until 12 May, 2026

The federal budget is about to land. And Capital Gains Tax is right at the centre of it. Before Tuesday night changes the rules, you need to understand how the current system actually works. Tonight we break down everything — the three eras of Australian CGT, what the 50% discount actually means, the rules around your family home, and the scenarios most people get completely wrong — homestay students, boarders, granny flats, and renovating between homes. In this episode: * Why the date September 20, 1985 still matters today * The indexation era — how inflation used to protect your gain * The 50% discount — what it actually means and how marginal rates up to 47% apply * What goes in your cost base and why keeping receipts could save you thousands * The main residence exemption — and why the 6-year rule doesn't mean what most people think * Formal homestay vs private boarders — a critical CGT difference * Granny flats — when integration matters more than bricks * The 4-year building rule for renovators Part 2 drops after budget night with everything that actually changed. This podcast is general information only and not financial advice. Always consult a qualified tax accountant for your specific situation. Rates and rules current as at May 2026 — check ato.gov.au for updates after budget night.