13/05/2026
📢 2026–27 Federal Budget — What It Means For You
Last night’s Federal Budget introduced some major tax and financial changes that could impact individuals, property investors, business owners, and trust beneficiaries.
Here are some of the key announcements:
✅ $1,000 Instant Tax Deduction
From 1 July 2026, employees can claim a flat $1,000 work-related deduction without receipts.
✅ $250 Working Australians Tax Offset
A new annual tax offset for workers and sole traders starting from the 2027–28 financial year.
✅ Capital Gains Tax Changes
From 1 July 2027, the current 50% CGT discount will be replaced with cost base indexation and a 30% minimum tax on net gains.
✅ Negative Gearing Changes
Existing investment properties are protected. New restrictions apply to properties acquired after 12 May 2026, with new builds remaining exempt.
✅ Trust Distribution Changes
A proposed 30% minimum tax on discretionary trust distributions from 1 July 2028.
✅ Superannuation Updates
• 30% tax on earnings above $3 million
• Transfer balance cap increasing to $2.1 million
• Payday super becoming mandatory
✅ Instant Asset Write-Off Made Permanent
The $20,000 write-off for eligible small businesses is here to stay.
✅ Company Loss Carry-Back Returns
Eligible companies may be able to offset losses against prior year tax paid and potentially receive refunds.
⛽ Fuel Excise Cut Ends
The temporary fuel excise reduction finishes on 30 June 2026.
These changes are significant and may affect your tax planning, investments, business structure, or superannuation strategy.
If you would like to discuss how these announcements may impact you, please contact our office to arrange an appointment.
We’ll also be reaching out directly to clients who may be most affected.