What Doctors Should Actually Do About The New Trust And CGT Rules | EP 82

Join 30,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors ----- Roger Wheelahan, principal at IFD Financial Planning, our in-house financial planning team, joins us to go through the May 2026 budget changes one by one. We recorded this in late September, while a lot of it is still in draft legislation, so think of it as a snapshot of where things stand right now and what we're telling clients to do about it. We start with the change doctors have called about the most, the new 30% tax on family trusts. Roger explains what the government is actually trying to stop, why the latest draft lets you fix a beneficiary once, and why that means bucket companies aren't dead after all. He also walks through how a bucket company really works, why no one can own a trust, and how he structures his own businesses. Then we get into capital gains tax and the move back to the indexation method. Roger breaks down why there will be two calculations, why so many properties will need a valuation on 1 July 2027, and what share price counts on the day. He shares how one IFD client hedged their trust and bucket company ahead of the changes, why share portfolios are looking more favourable than property right now, and why the first question is always who owns the asset. If you've got a family trust, a bucket company or an investment portfolio and you're not sure whether to act yet, start here. ----- TIME STAMPS: 00:00 Intro/Hook 00:59 May 2026 budget 01:29 Roger and IFD Financial Planning, one year in 02:08 Why we're time stamping this episode 02:48 Taxing unrealised gains, then the family trust shock 03:29 Why we told clients to stay calm for now 04:22 The three big changes: negative gearing, capital gains tax and family trusts 05:48 What the government is really trying to stop with trusts 09:25 A minimum 30% tax on investment earnings 09:58 Fixing a beneficiary, the latest draft 11:04 Why bucket companies aren't dead 13:30 Would you send everything to the bucket company? 14:58 Case study: how one client hedged their trust and bucket company 17:06 How a bucket company works, and why no one can own a trust 19:49 How Roger structures his own businesses 20:42 Capital gains tax and the move back to indexation 21:26 Valuations, the 50% discount and your base cost on 1 July 2027 22:38 What share price counts on the day 24:18 Property prices sliding and new builds down 20% 27:05 How clients are reacting to the CGT changes 27:57 SMSFs and investment bonds back in focus 28:37 Why share portfolios are looking more favourable 30:11 Who owns the asset comes first 31:26 Conclusion/Outro ----- SHOW NOTES LINKS https://ifdgroup.com.au/ https://doctorbi.com.au/ https://au.linkedin.com/in/mian-bi Roger Wheelahan: https://www.linkedin.com/in/roger-wheelahan-8ba53149/ Smart Start Financial Services: https://smartstartfs.com.au/ ----- LISTEN TO THE PODCAST Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608 Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast ----- FIND US HERE Website: https://ifdgroup.com.au/ Facebook Group: https://www.facebook.com/groups/investingfordoctors Facebook Page: https://www.facebook.com/investingfordoctors ----- DISCLAIMER The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.