13/05/2026
The 2026-27 Federal Budget has been handed down and there is a lot to take in.
Here are the key changes you need to know about:
For individuals:
- Income tax cuts confirmed — the 16% rate drops to 15% from 1 July 2026
- $1,000 instant work deduction — no receipts needed up to $1,000 from 1 July 2026
- $250 Working Australians Tax Offset from 1 July 2027
- Medicare levy thresholds increased
For business owners:
- $20,000 instant asset write-off is now PERMANENT from 1 July 2026
- Loss carry-back for companies confirmed from 1 July 2026
- Electric vehicle FBT exemption starts scaling back from 1 April 2027
For investors and property owners:
- Negative gearing on established properties purchased after last night will be restricted from 1 July 2027
- The CGT discount is being replaced with indexation and a 30% minimum tax from 1 July 2027
- Discretionary trusts face a minimum 30% tax on distributions from 1 July 2028
Some of these changes are significant — especially if you hold investment properties or operate through a family trust.
We have put together a full plain-English breakdown on our website. Read it here: https://visions.com.au/federal-budget-2026-27/
Have questions? We are here to help.
Email: [email protected]
Phone: 03 9387 6444
On Tuesday 12 May 2026, Treasurer Jim Chalmers handed down the 2026-27 Federal Budget. The Government has called this its most ambitious budget, and if the announced measures are implemented, the impact will be felt by a wide cross-section of Australian society — individual taxpayers, investors, b...