Investing For Doctors Podcast
Welcome to the Investing For Doctors podcast. Here we talk about personal finances, investing, wealth creation, accounting, and personal development that will aid you in your life journey as a doctor.
Please note that the information provided in this podcast is for educational and entertainment purposes only. The content should not be considered as financial advice and your personal situations have not been taken into account. Before making any financial decisions, we strongly recommend consulting with the relevant professional(s).
Investing For Doctors Podcast
What Social Media Got Wrong About Negative Gearing After The Budget | EP 83
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Munzurul Khan, Chairman of KHI Partners and our resident accountant, joins us again to go back over the May 2026 budget now that the dust has started to settle. We recorded this at the end of September 2026, so some of it will keep moving.
We start with negative gearing. Munzurul explains the 12 May 2026 cut-off, what grandfathered means for properties you already own, and why negative gearing has been quarantined rather than abolished, with exceptions for new builds and commercial property. He also covers converting an owner-occupied home into an investment property, the unresolved edge cases around death and separation, and why losses now sit in one pool with your capital gains.
Then we look back. Munzurul walks through what happened when negative gearing was taken away in 1985 and brought back around 1987, then turns to capital gains tax and the move from the 50% discount back to indexation on 1 July 2027. He does the maths on whether it's fair, why commercial property is getting more attention, and why he tells clients to get a valuation for 30 June 2027 and let their accountant run it both ways.
If you own property, or you're thinking about buying or selling, and the headlines have left you confused, start here.
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TIME STAMPS:
00:00 Intro/Hook
01:48 Season two: why we're revisiting the budget
02:56 Munzurul's first reaction to the budget
04:34 Politics, the numbers in both houses, and why the laws won't change easily
07:35 Negative gearing: before and after 12 May 2026
08:55 Grandfathering and quarantining, with exceptions for new builds and commercial
10:24 Converting an owner-occupied home to an investment property
11:05 Death, separation and the edge cases still unresolved
14:38 One pool: property, capital gains and losses
17:38 What negative gearing actually means (and what happened in New Zealand)
19:25 The 1985 attempt to take away negative gearing
23:47 Rents rising now
24:32 Capital gains tax: the move back to indexation
26:50 Valuing your property on 30 June 2027
28:02 Is it fair? Doing the maths on 50% vs indexation
29:43 Why commercial property is getting more attractive
31:58 CGT items still unresolved: small business and startups
32:39 What happens to your base cost if markets fall
33:43 Why you should still get the valuation
34:19 Conclusion/Outro
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SHOW NOTES LINKS
https://au.linkedin.com/in/mian-bi
https://www.linkedin.com/in/munzurul-khan-7ba6a318
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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.
