GJ North & Associates

13/05/2026

🏠 THE END OF AN ERA: A Massive Shake-up for Property Investors

The 2026 Budget has just dropped, and it’s arguably the biggest change to property tax in a generation. We are seeing a clear move away from rewarding "established" property investment and a massive swing toward government-led housing and new builds.

Here’s the breakdown of what’s changing and why it matters:

📉 Negative Gearing: The "New Build" Only Rule
From 1 July 2027, negative gearing as we know it is changing.

• New Builds: Still fully deductible against your salary. The government wants you to build, not just buy.
• Established Homes: If you buy an existing home after 12 May 2026, you can no longer offset losses against your salary. You can only offset them against rental income or future capital gains.
• Grandfathering: If you already own it (or signed before 7:30 PM last night), you’re safe—the old rules apply until you sell.

💰 Capital Gains Tax (CGT): Out with the Discount, In with Inflation
The 50% CGT discount is being scrapped from 1 July 2027.

• It’s being replaced by indexation (you only pay tax on the gain above inflation) plus a minimum 30% tax rate.
• Pre-1985 assets are losing their "forever exempt" status—gains from 2027 onwards will now be taxed.
• Gains made BEFORE July 2027 will still get the 50% discount, so the "clock" only starts on the new rules then.

🏛️ The "Big Pivot" to Government Housing
With the State Government pumping billions into social housing and the Feds tightening the screws on private "landlordism" of old houses, the message is clear: The era of using existing houses as a tax-effective "piggy bank" is closing. The government is taking the reins on social supply and only wants private money in NEW construction.

🛑 Trust Changes
Discretionary trusts aren't escaping either. From 1 July 2028, a minimum 30% tax will be slapped on trust income. This hits families who use trusts to distribute income to members in lower tax brackets.

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What do you think? Is this the "reset" the housing market needed to help first-home buyers, or will it just lead to a rental shortage as investors look elsewhere?

👇 Let’s discuss in the comments.

01/09/2025

Article: Understanding the new 20% student loan reduction

The Australian government’s promise to cut student loan debts by 20% has now become law. If you’re one of more than three million Australians who have a student loan, you’re probably wondering what this means for you and when you’ll see the benefits.

The Australian government’s promise to cut student loan debts by 20% has now become law. If you’re one of more than three million Australians who have a student loan, you’re probably wondering what

01/09/2025

Article: Productivity Commission recommends business tax reform

As part of a major review requested by the government to find ways to boost Australia’s productivity and economic resilience, the Productivity Commission has released an interim report that recommends company tax reform aimed at encouraging businesses to invest more and help the economy grow.

As part of a major review requested by the government to find ways to boost Australia’s productivity and economic resilience, the Productivity Commission has released an interim report that r

01/09/2025

Article: Your guide to the ATO super clearing house closure

If you’re a small business owner who’s been using the ATO’s Small Business Superannuation Clearing House (SBSCH) to pay your employees’ super, we’ve got some news that might make you reach for another coffee. The free service that’s been making your life easier is closing down, and you’ll need to find an alternative before July 2026.

If you’re a small business owner who’s been using the ATO’s Small Business Superannuation Clearing House (SBSCH) to pay your employees’ super, we’ve got some news that might make you reach for anoth

01/09/2025

Article: Looking to invest ethically? There’s a lot to think about

If you’re considering investing your money or your super in line with your values, you’re certainly not alone. A growing number of Australians want their investment to reflect what matters to them, and the marketplace is responding with “socially aware”, “responsible”, “sustainable” or “ethical” options. But with so many choices and claims out there, how can you tell if a company or super fund’s strategy genuinely lives up to what they’re promising?

If you’re considering investing your money or your super in line with your values, you’re certainly not alone. A growing number of Australians want their investment to reflect what matters to the

01/09/2025

Article: Timing’s everything: SMSFs and minimum pension payments

As an SMSF trustee, it’s your responsibility to ensure that all members receiving an account-based pension are paid their minimum pension amounts by 30 June each financial year. If you don’t meet the minimum pension payment amounts in full and on time, this could result in adverse tax consequences for the member.

As an SMSF trustee, it’s your responsibility to ensure that all members receiving an account-based pension are paid their minimum pension amounts by 30 June each financial year. If you don’t meet the

26/02/2025

🌟 Free 30-Minute Consultation Alert! 🌟

Are you in the City of Cockburn and looking for expert tax advice?

GJ North & Associates is here to help! Book for a complimentary 30-minute meet & greet session at our Bibra Lake office. This is a fantastic opportunity to discuss your individual and business taxation needs with our experienced tax accountants.

Whether you're seeking guidance on personal finances or exploring options for your small business, our friendly team is ready to listen and provide tailored solutions just for you.

Don't miss out on this chance for valuable insights! Book your free consultation today:

Book a free 30-minute tax consultation in Bibra Lake, South Lake and City of Cockburn surrounding suburbs with our expert accountants today!

31/01/2025

ATO launches its small business focus areas for 2025.

Understanding the ATO’s focus areas for 2025 is essential to ensuring your business remains compliant and successful. The ATO has outlined specific areas of concern to help you avoid common pitfalls and manage your tax obligations effectively.

Understanding the ATO's focus areas for 2025 is essential to ensuring your business remains compliant and successful. The ATO has outlined specific areas of concern to help you avoid common

31/01/2025

Recovering from a natural disaster: what you need to know about tax.

As Australia experiences another summer of unpredictable weather patterns, it’s essential to be prepared for the unexpected – natural disasters like fires, floods, earthquakes and cyclones can turn your world upside down.

As Australia experiences another summer of unpredictable weather patterns, it's essential to be prepared for the unexpected – natural disasters like fires, floods, earthquakes and cyclones can t

31/01/2025

Changes coming for buy now pay later services.

If you’re one of the millions of Australians who use buy now pay later (BNPL) services, important changes are coming that will give you stronger consumer protections from 10 June 2025.

If you're one of the millions of Australians who use buy now pay later (BNPL) services, important changes are coming that will give you stronger consumer protections from 10 June 2025.