As expected, the 2026–27 Federal Budget last night has proposed a number of significant tax reforms, particularly around capital gains tax and property investment rules.
Importantly, there were no major changes announced for superannuation or account-based pensions, which provides some stability in that space.
At a high level, the proposed changes include:
- Capital Gains Tax (from 1 July 2027)
- The current 50% CGT discount is proposed to be replaced with inflation-based indexation.
- A minimum 30% tax rate will apply to realised capital gains.
- Negative gearing
- Will be limited to new-build residential properties only.
- Existing properties are generally expected to be grandfathered under current rules.
- Discretionary trusts (from 1 July 2028)
- Introduction of a minimum 30% tax on trust income, aimed at aligning tax outcomes more closely with individual taxpayers.
These are proposed measures and not yet law, and there are still details to be finalised as legislation progresses.
We’ll continue to monitor developments closely and let you know if there are any implications for your situation. In the meantime, feel free to reach out if you’d like to discuss what these changes could mean for you.
Please click on the link below to get a more in-depth summary of all of the proposed changes set out in last night’s budget proposal.
2026-2027 Federal Budget Summary
Kind Regards,
The Team at Synergy Private Wealth
