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The 2026 Australian federal budget just fundamentally changed the rules of investing. In this episode, Lloyd breaks down exactly how scrapping the 50% capital gains tax discount impacts every asset class from property and shares to crypto and gold—and what it means for your wealth-building strategy.

This episode explores:

■ How the CGT discount removal affects property investors, business owners, and share traders

■ Why the budget is really a tax grab, not tax reform

■ Which assets will be hit hardest and which strategies still work

■ How to navigate these changes without derailing your long-term wealth plan

Timestamps:

00:00:00 - Introduction: The Budget Changed Everything

00:00:42 - The 50% CGT Discount Scrapped on Most Assets

00:02:10 - How Indexation and 30% Minimum Tax Rate Works

00:03:07 - Negative Gearing Changes: New Builds Only

00:05:09 - Superannuation Over $3 Million Now Taxed on Unrealized Gains

00:06:05 - Discretionary Trusts and Bucket Companies Hit with 30% Minimum

00:06:57 - Why Business Owners Are Most Impacted

00:08:05 - The 15-Year Concession for Business Owners

00:09:14 - How Shares Are Affected (And Why You Shouldn't Sell )

00:10:23 - Property Investment Second-Hand Market Will Slow Down

00:11:01 - The Shift to Brand New Properties and Personal Residences

00:12:08 - Crypto and Gold Hit Hardest (No Income Produced)

00:14:23 - Alternative Assets and the Reallocation of Capital

00:15:24 - The Real Impact: Hold Quality Assets for 30-40 Years

00:22:40 - Final Takeaway: Government Spending and Immigration Matter More

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DISCLAIMER

This content is for educational and informational purposes only. This is not financial, investment, or legal advice. Investing carries inherent risks including potential loss of capital. Past performance does not guarantee future results. Always conduct thorough research and consult with qualified financial advisors before making investment decisions. Individual results vary based on market conditions, personal circumstances, and investment strategy.