Canberra Tax Solutions

13/05/2026

BUDGET NIGHT CHANGES:

CAPITAL GAINS TAX
50 per cent Capital Gains Tax (CGT) discount to be replaced with a discount based on inflation, and introduce a minimum 30 per cent tax on gains from 1 July 2027. Unless you are investing in new builds, where you can choose the 50 per cent CGT discount or the new arrangements.

NEGATIVE GEARING
The Government will limit negative gearing to new builds from 1 July 2027, to focus tax support on new supply.

Existing arrangements will remain unchanged for all properties held before Budget night, and investors who buy new builds will still be able to deduct losses from other income.

Investors who buy established housing after Budget night will still be able to deduct losses against residential property income. They will be able to carry forward unused losses to future years, but won’t be able to deduct them against other income, like wages.

10/05/2026

Good news for small business owners.

10/05/2026

01/05/2026

If you want to reduce your study loan balance before indexation applies, you’ll need to make a voluntary repayment by 26 May. This will allow enough time for your payment to be processed.

There are a few ways you can make a voluntary repayment - including BPAY and credit card.

Repayments cannot be claimed as a tax deduction.

30/04/2026

With Payday Super, who’s eligible for super stays exactly the same.

✔️ Same eligibility rules
✔️ Same age and income thresholds
✔️ Same employees covered.

30/04/2026

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30/04/2026

If you use a registered tax agent to lodge your BAS, your Quarter 3 BAS (1st January 2026 to 31st March 2026) is due for lodgement and payment by 28th May 2026.

30/04/2026

The ATO's Small Business Super Clearing House (SBSCH) is closing from 1st July 2026.

29/04/2026

Pay Day Super is Coming 1 July 2026!
If your business employs staff, then it is important you understand your obligations under the new Pay Day Super rules. (This also applies if you are an employee of your own company.)
From 1 July 2026 employers are required to make superannuation contributions at the same time as they pay wages to employees.
It is important to start thinking about how your business is going to comply with the changes.
Accounting software providers such as Xero and MYOB have systems in place to make the process fairly painless in relation to super for employees however it will take some time to set-up.
What will be more difficult is when you are required to pay superannuation contributions for subcontractors who are not recorded in the payroll system.
It is also time to think about your cashlow – how will you may the June quarterly super contributions in July together with payments on July wages?
For more information check out the ATO website link:

Changes to how employers calculate, pay and report super guarantee under Payday Super from 1 July 2026.

09/02/2026

BAS Due: 3 March 2026!

⚠️ Don't forget!

Your BAS needs to be lodged and paid by 3 March 2026.

Need a hand? We’ve got you covered.

📲www.canberrataxsolutions.com.au