Div 293, first-home rules and the SMSF property crackdown

July 23
50 mins

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Episode Description

In this episode of Australian Finance Podcast, Owen Rask and Gemma Mitchell unpack a grab bag of money questions that hit a lot of Australians at exactly the wrong time: when tax, super and property rules all seem to be changing at once.

They break down Div 293 tax, catch-up concessional contributions and whether high-income earners should still tip more into super when the tax savings are not as generous as they first appear. From there, they work through the proposed SMSF borrowing crackdown, why using super to buy residential property is about to get harder, and what that could mean for people who were relying on leverage inside a self-managed fund.

The episode also tackles real first-home and upgrade dilemmas. Should a couple buy together or separately if they want to maximise schemes and flexibility? If you outgrow your townhouse, should you sell it, keep it as an investment, or use the six-year rule before making a call? Owen and Gemma explain the trade-offs around negative gearing, CGT, debt, cash flow and lifestyle without pretending there is one perfect answer.

If you want a practical Australian guide to super tax, property strategy and avoiding expensive mistakes, this episode turns a messy week of policy changes into something far easier to understand.

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DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg

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