With the first of the Budget legislation having been introduced into Parliament, perhaps it’s time to consider more closely how they may affect you,  and what you can do about it – especially in relation to the CGT discount changes. So, looking at the CGT discount first, if you already own an asset you...

If you are a foreign resident for tax purposes when you sell your Australian home, you cannot claim the usual capital gains tax exemption on it. This applies no matter how long you lived in the home. It applies even if you were only a foreign resident for a short time before the sale. And...

The Government has legislated major changes to capital gains tax (CGT). From 1 July 2027, the 50% CGT discount for individuals, trusts and partnerships will be replaced. In its place comes cost base indexation and a new 30% minimum tax rate on capital gains. How the 30% minimum tax works Under the current rules, you...

If you have a family trust there are two recent major (very major) things that have happened that will affect the way they will be taxed in the future. The first is the announcement in the Budget that trust income will now be taxed to the trust at a minimum rate of 30% – regardless...

Discretionary trusts have been a familiar feature of Australian business life for generations, partly due to their suitability for asset protection and retirement planning, as well as their ability to legitimately achieve lower overall tax rates through income splitting, where trustees of discretionary trusts allocate all or part of the trust income to associates who...

So, what do the Budget changes to the CGT discount mean to you? And what these changes will do is to allow any capital gain that accrues up to1 July 2027 to continue to be entitled to the 50% discount – but thereafter the assessable gain will be worked out under an inflation base indexation...

So, what do the Budget changes to negative gearing mean to you if you own a residential investment property? Well, the first thing to note is that the negative gearing changes are “grandfathered” they do not apply to properties that are already owned at the time of the Budget (12 May 2026) – and such...

The Federal Budget handed down on 12 May 2026 introduces some of the most significant tax reforms in decades. We will be carefully monitoring the reforms as it becomes legislation and will keep you updated with any recommendations. Capital Gains Tax (CGT): Major Overhaul What’s changing? The 50% CGT discount will be removed from 1...

With the end of the financial year coming up, now’s a great time to get on top of your tax and super. A little planning before 30 June can help you make the most of any opportunities to reduce tax, boost your super, and avoid last-minute surprises. This checklist outlines key things to consider and...

If you’ve turned 67 and want to top up your super and claim a tax deduction for doing so, there’s one extra hurdle to clear: the work test. It’s a simple requirement, but it catches people out, so it’s worth understanding when it applies and how to meet it. What the work test is The...