Federal Budget tax changes – what you need to know

This year’s Federal Budget proposed changes to negative gearing, capital gains tax and trust income, all of which will impact millions of Australians. So what is it all likely to mean? Nab Group Tax specialist Fred Law joins the podcast to break down: What the impacts are, and aren’t, likely to be What is known, and what isn’t, about the changes Why small business owners have always had CGT exemptions and still do The possible implications for asset owners and investors, and Why we need to wait for the final legislation to really know the outcomes. You can access this and previous episodes of the Your Wealth podcast now on iTunes, Podbean, Spotify or at nabtrade.com.au/yourwealth. If you’re short on time, consider listening at 1.5-2x speed, which should be shown on the screen of your device as you listen. This won’t just reduce your listening time; it has also been shown to improve knowledge retention.