13/05/2026
🇦🇺 2026 FEDERAL BUDGET UPDATE 🇦🇺
The 2026–27 Federal Budget has now been released with a strong focus on:
✔️ Tax reform
✔️ Property investors
✔️ Discretionary trusts
✔️ Cost of living relief
✔️ Small business support
✔️ Electric vehicle changes
KEY HIGHLIGHTS:
🔹 Proposed changes to negative gearing & CGT concessions
🔹 Proposed 30% minimum tax on discretionary trusts from 1 July 2028
🔹 $20,000 Instant Asset Write-Off proposed to become permanent
🔹 Additional individual tax relief measures
🔹 Changes proposed to EV FBT exemptions
⚠️ IMPORTANT:
Many of the announcements are currently PROPOSALS ONLY and have NOT yet been passed into legislation. The final outcome and commencement dates may still change.
If you would like to discuss how the Budget may impact your business, investments or tax planning, please contact our office.
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