Capital Gains Tax — The Rules until 12 May, 2026

Capital Gains Tax — The Rules until 12 May, 2026

The federal budget is about to land. And Capital Gains Tax is right at the centre of it. Before Tuesday night changes the rules, you need to understand how the current system actually works. Tonight we break down everything — the three eras of Australian CGT, what the 50% discount actually means, the rules around your family home, and the scenarios most people get completely wrong — homestay students, boarders, granny flats, and renovating between homes. In this episode: * Why the date September 20, 1985 still matters today * The indexation era — how inflation used to protect your gain * The 50% discount — what it actually means and how marginal rates up to 47% apply * What goes in your cost base and why keeping receipts could save you thousands * The main residence exemption — and why the 6-year rule doesn't mean what most people think * Formal homestay vs private boarders — a critical CGT difference * Granny flats — when integration matters more than bricks * The 4-year building rule for renovators Part 2 drops after budget night with everything that actually changed. This podcast is general information only and not financial advice. Always consult a qualified tax accountant for your specific situation. Rates and rules current as at May 2026 — check ato.gov.au for updates after budget night.

Episode #1 - New Baby Payments Australia: What You Actually Get (Paid Parental Leave, Family Tax Benefits & More)

Having a baby can cost you tens of thousands in lost income — and most parents don’t actually know what financial support they’re entitled to. In this episode of Friday Night Finance for New Parents, we break down exactly what you can get in Australia, how it works, and where people lose money without realising. We cover: • Paid Parental Leave — how much you get and who qualifies • Employer parental leave — and how it can change everything • Family Tax Benefit Part A and Part B — who gets it and how it’s calculated • Child Care Subsidy — how much childcare actually costs and how it’s reduced • Preschool and early education costs • The difference between individual vs household income tests • The biggest mistakes that can cost new parents thousands If you’re expecting a baby or planning ahead, this episode will help you understand the system clearly — so you can make better financial decisions and avoid costly surprises. This episode is general information and is not financial advice. It has also been created using AI-generated voices. This episode is partnered with lovestrykers.com — the worldwide dating app game where matchmakers score points for successful matches, and couples can do a personality quiz couple check to see if they’re with the right match.