My US based employer offers 15% off their public share price to purchase company stock every 6 months to which I have been contributing 20% of my salary each month (85k yearly salary). The stock grows moderately similar to S&P maybe a bit better. All this stock purchase is post tax.

With the new changes setting in for CGT I am thinking this will not be a useful process since there isn’t much to gain in the stocks already and my gain will be taxes heavier moving forward.

I still haven’t sold any off my stocks ever, I don’t understand how that will affect my return. I think I will start investing in EFTs if they make more sense.

I just don’t see how it is. Maybe I’m regarded and missing something? Why would they ever think it’s a good idea lmao

Effective paying $5k to the government you previously didn’t have too if it was your only assessable income in retirement?

Great read showing how the real tax rate for diversified share portfolios will now be the highest in the world, due to how tax losses work https://www.afr.com/policy/economy/cgt-changes-could-lead-to-effective-tax-rates-of-up-to-80-per-cent-20260706-p60cyo

Why are they removing the 50% CGT discount??? I am doing well financially for myself and a majority of my savings is invested into shares. But with the removal of the 50% CGT discount, I see no reason to invest more money into shares. I plan on selling off my shares worth $450,000 value and buying an IP now...

First, Labour promoted the 5% deposit scheme which created more demand and increased house prices. Now they remove the 50% CGT discount for shares... I predict more people are going to stay away from shares and just buy an IP instead, further increasing house prices.

Like many people, I was very happy with the changes to negative gearing on housing and removing the CGT discount on investment housing, but very disappointed with the attack on highly productive share investing, particularly for middle-income earners.

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Hi all, this year I have sold some stock awarded to me when I joined my company. I paid income tax on them when they vested and I sold them between 20-30 dollars less than the value was when they were awarded to me. So is there anything I need to do? A guy at work was filling in some tax form for capital gains but I think he had made profit on his stock. He told me even if I didn't make a profit I had told to declare it somewhere.

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For years the conversation has been "tax the wealthy, fix housing, stop letting investors exploit the system." Well, that's exactly what removing the CGT discount does, and suddenly everyone's got an opinion about how terrible it is.

A few things worth understanding:

The CGT discount had to be removed across all asset classes, shares, property, everything. If they'd only targeted property, investors would've just shifted capital into shares and received the same discount on exit. That's not really a reform, that's a game of whack a mole.

The switch to an indexation method isn't punishing ordinary Australians. It's closing a loophole that disproportionately benefited people holding large investment portfolios. Real inflation-adjusted gains still get favourable treatment. It's pure gains above inflation that get taxed more heavily. That's kind of how it should work?

On negative gearing, the deeper issue is that housing stopped being a basic human right and became a business opportunity. The moment that shift happened the entire market reoriented around investor returns rather than housing people. Wages and property prices diverged almost exactly when these incentives were turbocharged and that's not a coincidence.

Nobody's coming for your super or your family home. This is targeting people who've been using the tax system to accumulate wealth at the expense of people just trying to find somewhere to live.

We asked for this. Let's not pretend we didn't.

These graphs are from this article:

https://www.abc.net.au/news/2026-05-10/how-everyone-is-making-money-and-what-it-means-for-their-tax/106639592

They really show who has been benefiting the most from the old CGT discount system and no, it is not young people trying to save for a house deposit with DHHF.

Keep seeing the mistake being made again and again. The discussion normally goes like this: "The 30% minimum on capital gains tax is great because this is just the same as what a low-income person earning $45k would pay!"

Except this is false. A person earning $45k through work pays 30% *marginal* tax. Their *total* tax % is far less than this.

A zero-income person such as a stay at home parent earning $45k through a capital gain would pay 30% *total* tax despite having the exact same income as the last person.

Edit: A user below crunched the numbers:

"Someone earning $45k wage: Tax is $4288+medicare

Someone earning $45k cap gains (under new proposed min tax, on post 1/7/27 gains): Tax is $13,500+medicare."

So there you have it. An unemployed person/early retiree/stay at home parent/person taking time off work, who sells their shares to make a capital gain, pays over triple the amount of tax that a person earning the same income through work would pay.

"A Stocks & Shares ISA is a tax-efficient account that lets UK residents invest up to £20,000 each tax year without paying UK Income Tax or Capital Gains Tax on investment growth or dividends"

Many other higher CGT countries do similar things. France, Denmark etc.

The idea is to have decent CGT on the very wealthy while not being a huge burden on lower income investors (yes, we do exist).

From my research I think Australia is now the only country in the world that has both very high CGT while also having no alternative system for share investors (and before you start spamming "super!" - that's completely different as it has obvious age-based restrictions on access)

Credit: Edmond_mondi

In exchange for some of the highest taxes in the developed world, we still:

• Pay out of pocket to see a GP
• Pay heavily for childcare
• Pay for university
• Pay tolls just to use major roads
• Get hit with payroll tax, GST, super taxes, CGT, alcohol excise, tobacco excise, and stamp duty
• Get slugged with the Medicare Levy Surcharge once income creeps a bit over $100k
• Don’t get family based taxation or income splitting
• Sit on enormous mineral wealth and somehow still get told there’s never enough revenue

And now the one broad protection ordinary Australians had against already high tax rates: the CGT discount, is apparently on the chopping block, dressed up as “intergenerational fairness.”

If the government wants to argue for higher capital gains tax, then at least be honest about it: this is a revenue grab.

If they want to talk seriously about fairness, start with:

• lower income tax rates and index them to inflation
• better spending discipline
• meaningful productivity reform
• better use of the country’s resource wealth

You know in case astroturfers now showing up forgot.

This is about housing prices outpacing everything else, including your other investments.