Selfwealth featured in Bloomberg for commentary on the Federal Budget
Selfwealth
Featured in Bloomberg
Bloomberg’s coverage examined investor and wealth management reactions to the Federal Government’s proposed changes to capital gains tax and negative gearing, describing the reforms as one of the largest overhauls to Australia’s capital gains tax system in recent history.
The article explored how the proposed introduction of a minimum 30% tax rate, alongside the move away from the existing 50% capital gains discount model, could influence portfolio construction and long-term investment strategy.
Rob Wilson shared insights into how the changes may affect the relative attractiveness of different investment types, particularly the balance between growth-focused assets and income-generating investments. The article also highlighted the potential implications for investment property following proposed restrictions to negative gearing on existing residential dwellings.
Key Quotes
“The new rules could shift the relative appeal of high-growth shares versus steady, income-generating assets.”
— Rob Wilson, Director of Investment Strategy, Selfwealth by Syfe
“The tweaks also reinforce the existing tax rationale for quality Australian stocks that pay franked dividends.”
— Rob Wilson, Director of Investment Strategy, Selfwealth by Syfe
“With negative gearing now restricted and capital gains tax less generous, investment property becomes a less compelling proposition.”
— Rob Wilson, Director of Investment Strategy, Selfwealth by Syfe
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