That Backyard Property Podcast

Is Australia Taxed Too Much? Ben Elliot Breaks Down the Numbers


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In this episode of That Backyard Property Pod, we dive deep into the world of tax and wealth creation with Ben Elliot, Managing Director of KHT Accounting and Wealth.

Ben breaks down why he believes Australia is currently facing a "tax grab" and what the proposed Capital Gains Tax (CGT) changes—including a potential reduction of the 50% discount—could mean for your investment strategy.

We also explore the concept of broad tax reform, discussing whether a shift toward higher GST and lower income tax could drive national productivity.


General advice only and not personal advice. CRN 485467


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Chapters:

(00:00) Show Intro And Guest

(01:23) Home Renovation Plans

(02:58 Pool Costs And Inflation

(03:56) Are We Taxed Too Much

(08:41) CGT Discount Changes

(13:48) Tax Reform And GST

(17:07) Debt Recycling Basics

(22:39) ATO Red Flag Methods

(24:08) Debt Recycling Green Light

(24:51) Wealth Building Beyond Super

(25:38) Upgrading Home Deductibility Trap

(27:27) Offset Accounts and Selling Strategy

(28:52) Six Year Rule Explained

(32:38) ATO Family Trust Crackdown

(34:26) Section 100A and Distributions

(38:58) Investing via Bucket Companies

(43:51) Tax Brackets and Reform Ideas

(49:07) Pride and Final WrapProduced by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Podwave Studios⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠


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That Backyard Property PodcastBy Michael Killiner