Weekly Slice 283: Accountant Explains CGT & Negative Gearing Cut Could Affect Our Wealth - with Jeremy Iannuzzelli & Todd Sloan

In this episode of Pizza and Property, hosts Todd Sloan and Jeremy Iannuzzelli unpack the potential tax changes looming in Australia's upcoming May 2026 budget, focusing on proposed reforms to negative gearing, capital gains tax (CGT), and foreign investment rules. They clarify that while the changes—such as limiting negative gearing to two properties and reducing the CGT discount from 50% to 33%—are likely to pass, their real-world impact will be more moderate than the alarmist media suggests. The hosts emphasize that these reforms are targeted at high-income earners and large portfolios, not average investors, and that grandfathering will likely protect existing investments. They also discuss how structural changes—like using companies or trusts—can offer tax advantages under the new rules, turning what might seem like a disadvantage into a strategic opportunity. The episode concludes with a strong message: don’t let short-term fear derail long-term wealth-building plans, as property markets have historically weathered similar reforms with resilience. Key takeaways include: 1) Prepare by optimizing current portfolios through renovations or value-add improvements; 2) Consider structuring future purchases in companies or trusts to lock in lower effective tax rates; 3) Use the upcoming budget as a catalyst to accelerate buying or selling decisions before new rules take effect; 4) Avoid emotional reactions—stay focused on long-term goals; and 5) Understand that tax changes are inevitable, but adaptation, not panic, is the path to wealth. The tone is pragmatic and reassuring, urging investors to stay disciplined and informed.