On 12 May 2026, the Federal Government delivered its fifth Budget. It was one of the most dramatic and significant budgets in decades. Among other things, it announced that negative gearing
would be abolished for property purchased after 1 July 2027 (albeit, grand-fathering pre-Budget arrangements).
It also announced that the CGT discount will not be available from 1 July 2027 (except in respect of qualifying “new builds”). It also proposed a minimum 30% tax on trusts (with certain exceptions). There are also several other significant changes.
We have put together a summary of these key changes and how they may affect taxpayers – especially small to medium business. So, it is important to come and speak to us.
Click here to view this special edition newsletter from PJA Accountants.
Please feel free to contact this office if you have any queries about them or how they may impact you in your circumstances.
