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The GoodFellas Way
292 posts

The GoodFellas Way
@cfellas70
35Yrs+ OG Trad Fi Guy - Macro Focus Asset Allocator & Investor
Sydney Katılım Haziran 2012
468 Takip Edilen731 Takipçiler

Subtack - Aussies Under 40 just got Roggered!!
goodfellasinvesting.substack.com/p/australians-…

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@abandon8 Not necessarily.. take a rent roll .. you build it up but the income or profit margin can be as low 8% but the asset can grow by every new property at manage in fact is is 3-4 x the annual mgmt fee..
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@cfellas70 If you can turn $10k into a $5m sale means the business is making good profits that would be paying good dividends. What was your risk? $10k…you’ve made an outstanding gain and need to pay tax on it
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Aus Small Business Owners .. you royally roggered!!
The founder. Now let’s talk about the scenario no one is discussing. You start a business from scratch. Minimal capital — call it $10,000 to get the doors open. You pay yourself below market rate for years. You absorb risk that no corporate employee ever absorbs. Ten years later you’ve built something real, and you sell it for $5 million.
Under the old rules, your taxable gain is half of the $4.99 million nominal gain. Combined with $100,000 in ordinary income, your tax bill lands at approximately $1.16 million. Enormous — but proportionate to a decade of risk and sacrifice.
Under the new system, the government’s inflation indexing adjusts your $10,000 cost base to $12,800 after ten years at 2.5% CPI. That’s their concession for a decade of inflation: $2,800. Against a $5 million exit. Your taxable gain is now $4.99 million, taxed at full marginal rates all the way up. Your bill: $2.34 million. That is an extra $1.17 million handed to the government — on money that was never a salary, never a bonus, never passive income. It was the return on a decade of concentrated personal risk.
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@talkingcockatoo You would pay tax on the 100k you left in the business if treated as a loan .. so paying tax on funds you haven't received.. not really advised.
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I wonder…..
If you could set up a loan scheme between you and the “business” where the business defers payments to you for services rendered or something like that + interest at standard rates.
E.g they’re on 200k but only take 100k. And the other 100k is paid back by a holding company.
I don’t know
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@mac93555 I'm ok with that .. Yes I want as many young people to understand the consequences of this budget ... I don't really play in this social media.. so I just do my best ..
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Australians Under 40's Just Got Roggered!!, by @cfellas70 open.substack.com/pub/goodfellas…
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The best thing that came out of the budget last week was that the Govt committed political suicide . Post below is a mate that owns a top accounting firm . Worth a read of his substack on the govt rug pull and options to mange it .
The GoodFellas Way@cfellas70
Australians Under 40's Just Got Roggered!!, by @cfellas70 open.substack.com/pub/goodfellas…
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@australian Have a read of my substack .. # labour fraud under 40s... Australians Under 40's Just Got Roggered!!, by @cfellas70 open.substack.com/pub/goodfellas…
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Millions of property investors are at risk of getting a bill for tens of thousands of dollars more in tax under the Treasurer’s capital gains shake-up – unless they act before July next year. Budget fallout: bit.ly/4un70Js

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@ausstockchick Hiya.. I don't do social but I'm trying to get the real position on what this budget means.. for under 40s .. have a read and retweet.. information is knowledge .. Australians Under 40's Just Got Roggered!!, by @cfellas70 open.substack.com/pub/goodfellas…
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Removing the 50% CGT to all asset classes means the radical left will now start to understand it’s now a financial intelligence competition but…
Zero head start.
Good luck.
#auspol
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@BikoKonstantin1 Australians Under 40's Just Got Roggered!!, by @cfellas70 open.substack.com/pub/goodfellas…
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@tompanos Hello Tom , thought you might find this interesting ....Australians Under 40's Just Got Roggered!!, by @cfellas70 open.substack.com/pub/goodfellas…
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This could save you HUNDREDS of THOUSANDS 🤑 over time: REDRAW vs OFFSET
A lot of Australians are confused right now about negative gearing changes. But the key issue may not be when you TURNED the property into an investment… it may be when you BOUGHT the property.
If you owned the property before Budget night, there’s a strong argument it falls under grandfathering provisions, even if you lived in it first and rent it out later.
But here’s the catch: Loan structure matters enormously. OFFSET accounts and REDRAW facilities are not treated the same way by the Tax Office.
I am not giving you financial advice. It's important that you speak to an accountant or financial advisor.
Please share this
#realestateaustralia

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I'm not big on social just do my thing quietly .. we have to spread the real picture .. on just how unfair this is.. as for what you do next depend la on your age .. if your over 40s only 1 structure works that super .. if under 40 you would use company structure for investing .. trusts are dead !!!
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@GeoffWilsonWAM My take on this budget...
goodfellasinvesting.substack.com/p/australians-…
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Death tax of 30% in the budget papers
The Australian@australian
The Albanese government has blindsided the financial sector with a surprise “death tax” on wills and estates, triggering urgent calls for clarification from wealth advisers. Under new budget measures, family trusts are set to be hit with a minimum 30 per cent tax rate. The new rule will also apply to the most common form of estate planning trust: the Testamentary Discretionary Trust. James Kirby has more: bit.ly/4fn24zo
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@bluewolfpack1 Very true !!! Didn't go well with work colleagues on NY shift in Aus 😂😂😂
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@bluewolfpack1 Hilarious your long !!! Funny I'm bearish AUD but bearish USD so I'm short usd/yen here .. that 160 level looks like red line ..
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Stop, Turn Around, Go!!!, by @cfellas70 open.substack.com/pub/goodfellas…
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@D3GSolutions Hi B, I don’t day trade or short term trade..but I went long spx and will buy break 7000 ath .. continue buying… I’m long thematic nuclear and robotics for long term play.. best CF
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