15/07/2026
The Federal Budget's tax reforms are shifting - and it's worth knowing what's changed.
After months of lobbying, the Government has agreed to several amendments to the draft legislation. Our Tax Partner Tim explains what it means: the CGT discount will still apply to start-up investments and a wider band of small businesses, testamentary trusts are now excluded from the new trust tax rules, and SMSFs are set to lose the ability to borrow for residential property purchases.
Worth a read if any of this touches your investments, business, or super.
Read Tim's full breakdown at https://bgprivate.com.au/insights/articles/budget-tax-reforms-are-shifting-heres-whats-changed/ or contact our team to find out what these changes mean for your situation.