14/05/2026
📊 FEDERAL BUDGET 2026–27: What You Actually Need to Know
The budget dropped on 12 May with some of the biggest tax changes in decades.
Most don't kick in until 2027 or later — but there are planning moves you should make NOW.
Here's what matters:
💰 $250 tax offset for workers
📝 $1,000 no-receipt work deduction
🏠 Major property & negative gearing changes
⚠️ New 30% minimum tax on trusts (this one's big)
📈 CGT changes from 2027
💼 Expanded small business support
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PROPERTY INVESTORS — PAY ATTENTION
From July 2027, negative gearing only works on NEW BUILDS.
Existing properties you already own? Fully grandfathered.
Existing properties you buy after Budget night? Losses get quarantined.
The numbers have changed. If you're buying or selling property soon, this affects you.
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TRUST HOLDERS — THIS IS CRITICAL
New 30% minimum tax from July 2028.
What this actually means:
✖️ Income splitting benefits slashed
✖️ "Beneficiary company" strategies are mostly dead
✖️ Non-refundable tax credits = lost money for low-income beneficiaries
The upside: You've got a 3-year restructuring window.
Recommend you review your position now, not in 2028.
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SMALL BUSINESS WINS
✅ $20k instant asset write-off — now PERMANENT
✅ Loss carry-back for companies (cash refunds)
✅ Start-up loss refunds from 2028
✅ More PAYG flexibility
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We've cut through the politician speak and broken down what actually matters.
Full breakdown with worked examples, real-world scenarios, and what you should do about it:
👉 https://hurneypartners.com.au/blog/federal-budget-2026-breakdown
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If any of these changes affect your situation, don't wait.
Want to talk through your specific position? Get in touch.
https://hurneypartners.com.au/book-an-appointment
