12/05/2026
🚨 FEDERAL BUDGET 2026: 5 TAX TAKEAWAYS YOU NEED TO KNOW 🇦🇺💰😳🤯
The new Federal Budget has landed, and there are some BIG tax and property changes Australians should be aware of. Is this the biggest change since GST? Here are 5 key takeaways: 👇
1️⃣ Workers get more tax relief
Eligible workers will receive a new $250 Working Australians Tax Offset (WATO) from 2027–28, plus a $1,000 instant tax deduction for work-related expenses with no receipts required. Replaces the $300 no-receipt deduction threshold for work-related expenses
2️⃣ Property investors hit with major changes
Negative gearing will be limited to new builds only from 1 July 2027 for newly purchased properties. Existing investment properties are grandfathered in. Big implications for future investors and tax planning.
3️⃣ Capital Gains Tax rules changing
The current 50% CGT discount is being replaced with an inflation-based model, plus investors will face a minimum 30% tax on gains from 1 July 2027. This impacts property, shares, crypto, and other assets, even pre-cgt assets
4️⃣ $20,000 instant asset write off permanent for small businesses. Instead of reverting to $1,000 threshold as at 1 July 2026, $20,000 write off will be continuing. Deduction is available for the year they are used or installed
5️⃣ Family trusts under pressure
A new 30% minimum tax on discretionary trusts starts from 1 July 2028, which could impact many family businesses, investment structures and flexibility for family owners and business owners currently use to distribute. Time to review your setup early.
📌 What does this mean for you?
Tax planning is no longer a “June problem” — these changes could affect your investments, deductions, and long-term wealth strategy.
📩 DM us to review your tax strategy before EOFY.
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