@taxsurgeon: Earthquake has arrived in Australia. Treasury Laws Amendment (Tax Reform No. 1) Bill 2026 just passed both houses. The biggest tax shake-up in 25 years is now locked in. Most people will read the headline and move on. That is a mistake. Here is what actually changed: From 1 July 2026: → Personal income tax cuts begin → The new instant work-related deduction kicks in → Instant asset write-off changes apply From 1 July 2027: → The 50% CGT discount is gone for individuals, trusts and partnerships → Replaced by cost base indexation plus a 30% minimum tax on capital gains → Negative gearing limited to new builds, with grandfathering for current owners → Working Australians Tax Offset starts The CGT change is the one to watch. Indexation rewards inflation-era holders. It punishes high-growth, short-hold assets. Your structure decides which side you land on. A second, more technical bill lands later this year. Discretionary trusts and the finer carve-outs are still coming. If you hold investment property, run a trust, or plan to sell an asset before 2027, your numbers just shifted. You do not need to panic. You need to plan. → I spent 15 years inside the ATO. I read these changes the way the regulator does. → Get your structure reviewed before 1 July 2027, not after. Book a conversation at sabypartners.au.

Tax Specialist Aka Tax Surgeon

Open In TikTok:

Region: AU

Saturday 27 June 2026 23:01:19 GMT