02/06/2026
From tax cuts and easier deductions to major changes for investors, trusts and small businesses, the 2026 Budget comes with a few strings attached (and a few savings too).
A few headline acts:
• Tax cuts from July 2026
• $1,000 work expense claim - no receipt scavenger hunt required
• Capital gains tax changes from 2027
• Permanent $20k instant asset write-off for small business
• Big trust structure changes on the horizon
Some measures still need to pass through parliament, but if you own investments, run a business or have a family trust, timing now matters.
Budgeting just got more interesting.
👉 Contact our team on 1800 618 800 or visit simmonslivingstone.com.au/contact-us/ to discuss your situation.