01/06/2026
The Federal Budget has been handed down, and for once it wasn’t just the usual annual performance of large numbers, heroic assumptions and a Treasurer trying to convince everyone that a modest tax offset is basically financial salvation.
There are some genuinely significant proposed tax changes this year.
Capital gains tax.
Negative gearing.
Family trusts.
Testamentary trusts.
Small business write-offs.
Electric vehicle FBT concessions.
A bit going on, really.
The big message from us at Hodkinson Accounting is this: be informed, but don’t panic.
Some of these changes are already moving through Parliament. Others, particularly the proposed 30% minimum tax on discretionary trust income, still need a lot more detail before anyone can sensibly decide what to do.
And in tax, the detail is not the fine print.
The detail is where the bodies are buried.
We’ve put together a plain-English summary of the Budget changes, what they might mean, and why nobody should be restructuring trusts, selling assets or rewriting Wills based on one headline and a bad night’s sleep.
Read it here:
https://www.hodkinsonaccounting.com.au/federal-budget-2026-27-big-changes-no-panic-required/
