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. However, the proposed measures may be subject to changes before their implementation.
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Welcome to the pscube client information newsletter, your monthly tax and super update.
For further information on any of the topics covered, please contact us via the details below.
T: 03 8592 8999 | M: 0451 830 212
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E: info@pscube.com.au
© Content in partnership with the Institute of Financial Professionals Australia
Please feel free to contact this office if you have any queries about them or how they may impact you in your circumstances.
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