Federal Budget 2026-27 summary

The 2026–27 Federal Budget, handed down on Tuesday 12 May 2026, introduced several significant tax and business measures which may impact individuals, investors, and small businesses.

Below are some of the key tax, superannuation, and business highlights you need to know:

• Changes to the Capital Gains Tax (CGT) discount from 1 July 2027
• Negative gearing limited to new residential builds from 1 July 2027
• Introduction of a proposed 30% minimum tax on discretionary trusts
• $20,000 Instant Asset Write-Off made permanent for eligible small businesses
• Loss carry-back rules reinstated for eligible companies
• New $1,000 instant tax deduction for work-related expenses
• Introduction of the Working Australians Tax Offset
• Personal income tax rate reductions from 1 July 2026 and 1 July 2027
• No new superannuation changes announced, however previously legislated changes remain scheduled to commence

Please feel free to contact our office if you have any queries about these measures or how they may impact your individual circumstances.

This issue reflects the law when it was published. Tax and super rules change often, so please call us before acting on anything in it.