13/05/2026
WELL, that was an interesting Budget Night!!!
For any clients operating a small business through a Trust, you are on notice that you are in the cross hairs.
It appears that CGT Changes will affect property sales, but also shares, crypto, gold, etc - so anyone with investments, stay tuned.
Negative Gearing for properties that are not already investment properties will be limited to new builds.
Potentially your retirement planning will need some tweaking, because things are changing.
None of it is legislated yet, so there may be changes to the proposed measures...but given that the government will have to get the support of other parties (Greens are probably holding all the power at this point) and some think it hasn't gone far enough, I wouldn't be holding my breath for too much of it to be softened.
Let me get a chance to look closely and I will report back soon with more details