Change to tax treatment of holiday homes?

Welcome to the February edition of our client newsletter. This month, we’ve curated a selection of timely and practical articles covering important developments in tax, superannuation, and financial planning – all designed to help you stay informed, confident, and in control of your financial affairs.

In this edition:

Changes to the tax treatment of holiday homes
Holiday homes have long been a grey area from a tax perspective. New ATO guidance has tightened the rules around the taxation of holiday rental properties, particularly where owners rent out all or part of a property without running a business. We explain how the updated guidance affects rental income and the deductibility of ownership costs in different situations.

CGT: Buying a new home before selling the old one 
If you’ve purchased a new home before selling your existing one, there are important capital gains tax (CGT) implications to consider. The key issue is that under the CGT rules, you generally can’t treat more than one home as fully exempt at the same time. We outline what you need to know.

Permanent incapacity and super – What it means if you’re totally and permanently disabled
If you become totally and permanently disabled (TPD), you may be able to access your super even if you don’t hold TPD insurance within your fund. We explain how the rules work and why understanding them can be crucial when income and financial security are under pressure

Six changes impacting your super in 2026
Superannuation rules continue to evolve, and 2026 is shaping up to bring several important changes. While some updates may only affect a small group, others could impact most people with super. We highlight six key changes worth keeping on your radar.s.

Bonus reads this month:

Forgiveness of a debt: What are the tax consequences? 
If you forgive a debt owed to you, there may be CGT implications. As a debt is considered a CGT asset, its forgiveness can trigger a CGT event, potentially resulting in a capital loss. We explain how this works.

Possible increases to social security deeming rates in 2026 
If you receive a full or part Age Pension, upcoming increases to social security deeming rates could affect how your income is assessed by Centrelink. This may impact pension entitlements or aged care fees. We outline what to watch out for.

We hope you find this edition informative and valuable. As always, if you have any questions or would like tailored advice, please don’t hesitate to get in touch.

Download newsletter:

2026 – 02 – MBS Monthly Update