05/06/2026
The CGT rules are changing, and now is NOT the time to wait and see.
The 2026-27 Federal Budget proposes replacing the 50% CGT discount with cost-base indexation from 1 July 2027, plus a 30% minimum tax on net capital gains. Put simply: The government is proposing to scrap the rule that lets you halve your taxable profit when you sell an asset, replacing it with a system that adjusts for inflation instead, and making sure you pay at least 30% tax on whatever gain is left. This is set to kick in from 1 July 2027.
It's not yet law, but if you hold shares, an investment property, or a business you're planning to sell, the window to plan under the current rules is getting shorter.
Transitional rules are proposed for assets you already hold, but the detail matters and the strategy you put in place now could look very different to the one you'd need after July 2027.
This is exactly the kind of situation where talking to an accountant before you make a move is worth it. Book a chat with us. ๐