12/05/2026
2026-27 Federal Budget (12-5-2026).
Key Tax Reform Changes.
See link to full budget papers: https://budget.gov.au/content/downloads.htm -sheetsm
LA Partners
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Strategic Accountants working with small-medium businesses on their business journey in providing Business Strategic Planning/Tax/Accounting Services.
As boutique firm, following are the characteristics and expectations that describe the clients we assist:
•Personalised service from Partner and our Accountants;
•Assist in Growing and Protecting one of their most valuable assets, "their business";
•Looking for Accountant to play a key role in their Business Vision;
•Provide input into their business by introducing business opportunities and i
12/05/2026
12/05/2026
2026-27 Federal Budget (Budget Night Announcement-12/05/2026)
NEGATIVE GEARING CHANGES
The core change: From 1 July 2027, negative gearing on residential property is restricted to new builds only.
* If you bought before 12 May 2026:
- No change — you keep full negative gearing rights indefinitely until you sell
* If you buy after announcement:
- Existing Properties - Losses can only offset other residential property income, not salary/wages. Excess losses can be carried forward to future years.
- New builds — negative gearing retained (losses can still offset wages/other income).
* If you buy from 1 July 2027:
- Existing properties — no negative gearing
- New builds — negative gearing retained (losses can still offset wages/other income)
What counts as a “new build”:
- New apartments off-the-plan
- Construction on vacant land
- Knock-down rebuilds that increase the number of dwellings
Excluded entirely: Commercial property, shares and widely held trusts.
Link to Budget Paper Fact Sheet:https://budget.gov.au/content/factsheets/download/tax-explainers-negative-gearing-capital-gains-tax.pdf
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Location
Category
Telephone
Address
Level 5, 320 Adelaide Street
Brisbane, QLD
4000
Opening Hours
| Monday | 8:30am - 5pm |
| Tuesday | 8:30am - 5pm |
| Wednesday | 8:30am - 5pm |
| Thursday | 8:30am - 5pm |
| Friday | 8:30am - 5pm |