16/05/2026
The Australia Federal Budget 2026–27 has introduced several proposed tax updates that individuals, investors, business owners, trusts, and companies should keep an eye on.
Key highlights include:
✅ $1,000 Instant Tax Deduction
From 1 July 2026, eligible workers may claim up to $1,000 without needing to itemise every deduction.
✅ $250 Working Australians Tax Offset
A new annual tax offset is planned from the 2027–28 income year for eligible working Australians.
✅ CGT Reform
The 50% CGT discount is proposed to be replaced with an inflation-based model from 1 July 2027.
✅ Negative Gearing Changes
Negative gearing benefits are proposed to be limited mainly to new residential builds, with existing investments protected under transitional rules.
✅ Small Business Support
The $20,000 instant asset write-off is proposed to become permanent for eligible small businesses.
What this may mean:
For individuals, tax time may become simpler, especially for smaller work-related deduction claims.
For investors, property and asset strategies may need to be reviewed before future changes begin.
For business owners, there may be better opportunities to manage cash flow through eligible asset purchases.
For trusts and companies, structures may need closer review as proposed tax reforms could affect distributions and tax planning.
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