GJ North & Associates

16/07/2026

Australian Federal Budget 2026/27 for Personal Taxation, Business Taxation, Changes to CGT, Trusts and Negative Gearing Reforms and Superannuation.

Australian Federal Budget 2026/27 for Personal Taxation, Business Taxation, Changes to CGT, Trusts and Negative Gearing Reforms and Superannuation.

16/07/2026

You may be tempted to lodge your tax return on 1 July to tick that job off the list, or to chase a refund to help with cost of living pressures. However, the ATO has a clear message this year: slow down and get it right. Early lodgers are far more likely to make mistakes, but patience and taking time to get all your financial information together usually leads to a smoother result.

You may be tempted to lodge your tax return on 1 July to tick that job off the list, or to chase a refund to help with cost of living pressures. However, the ATO has a clear message this year: slow

16/07/2026

Scrolling social media for a quick tax win? You’re not alone, but you may be heading for trouble. Incorrect claims are firmly on the ATO’s radar this tax time, and it’s outlined the key areas it’ll be watching when returns start landing

Scrolling social media for a quick tax win? You’re not alone, but you may be heading for trouble. Incorrect claims are firmly on the ATO’s radar this tax time, and it’s outlined the key areas it’ll

16/07/2026

Picking up a second job, holding multiple part-time roles, or doing gig work is now part of everyday life. But the way tax is withheld across multiple payers can lead to a surprise when you lodge your tax return. Making a plan can help avoid a lump sum bill later.

Picking up a second job, holding multiple part-time roles, or doing gig work is now part of everyday life. But the way tax is withheld across multiple payers can lead to a surprise when you lodge your

16/07/2026

Payday super is now law and, from 1 July 2026, employers must pay super at the same time as wages. Contributions your employer makes will generally need to reach your fund within seven business days of each payday.

Payday super is now law and, from 1 July 2026, employers must pay super at the same time as wages. Contributions your employer makes will generally need to reach your fund within seven business days

16/07/2026

From 1 July 2026, when you’re required to pay your employees’ superannuation will change. Under the new payday super rules, super guarantee (SG) contributions must reach your employees’ funds within seven business days of each payday. With this much tighter window, knowing how to spot and fix a rejected contribution quickly is essential to avoid penalties.

From 1 July 2026, when you’re required to pay your employees' superannuation will change. Under the new payday super rules, super guarantee (SG) contributions must reach your employees' f

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.