# 391 - Capital Gains & Negative Gearing Budget Review ft. Carlo Bordi

Page: https://stenobird.com/podcast/the-perth-property-show-1154125/391-capital-gains-negative-gearing-budget-review-ft-carlo-bordi
Text version: https://stenobird.com/podcast/the-perth-property-show-1154125/391-capital-gains-negative-gearing-budget-review-ft-carlo-bordi.md
Podcast: [The Perth Property Show](https://stenobird.com/podcast/the-perth-property-show-1154125)
Published: 2026-05-24T23:00:00+00:00
Episode link: https://theperthpropertyshow.podbean.com/e/391-capital-gains-negative-gearing-budget-review-ft-carlo-bordi/
Audio file: https://mcdn.podbean.com/mf/web/fsmtbwmf9u7gaamw/391_-_tax18oujr.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/the-perth-property-show-1154125/episodes/391-capital-gains-negative-gearing-budget-review-ft-carlo-bordi
Duration seconds: 1566

## Resource

Host Trent Fleskens and tax accountant Carlo Baudi unpack proposed budget changes affecting property investors, stressing they are not yet legislated. They explain the shift from the 50% CGT discount toward inflation indexation from 1 July 2027, with gains before that date effectively grandfathered and calculated via ATO pro‑rating or a 30 June 2027 market valuation. They highlight a new minimum 30% tax on capital gains and trust distributions, which they argue hits lower-income earners harder and reduces the benefits of trusts. On negative gearing, they discuss restricting deductions to new builds while grandfathering existing holdings, potentially diverting investment to house-and-land and apartments, reducing rentals in established suburbs, and lowering borrowing capacity. They suggest reviewing structures (personal vs company) and seeking tailored accounting advice.

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/the-perth-property-show-1154125/episodes/391-capital-gains-negative-gearing-budget-review-ft-carlo-bordi/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/the-perth-property-show-1154125/391-capital-gains-negative-gearing-budget-review-ft-carlo-bordi.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.