25/09/2026
On Tuesday, 12 May, Treasurer Jim Chalmers delivered the 2026-27 Federal Budget.
While the Budget was undoubtedly one of the largest in recent years in terms of new tax measures, major reforms to the capital gains tax regime were the talking point of the night, representing the first major shake-up of the regime in over 25 years.
What’s changing?
➡️ From 1 July 2027, the 50 per cent CGT discount will be replaced by cost base indexation for assets held for more than 12 months, with a 30 per cent minimum tax to apply on net capital gains.
➡️ This change applies to all CGT assets held by individuals, trusts and partnerships. Critically, assets acquired before 20 September 1985, which are currently exempt from CGT, are also affected.
If you want to understand more about how these changes will affect your tax position, get in touch with a member of our team today. https://yieldba.com.au/
#