Prospera Partners

In the 2026–27 Federal Budget, the Government announced that it would introduce a 30% minimum tax on discretionary trusts from 1 July 2028. Here are the highlights of what we know so far.

The New 30% Tax on Discretionary Trusts – What We Know So Far If you have a discretionary trust, it’s worth booking time in now to discuss how the minimum tax may affect you, and whether exiting a discretionary trust structure may be the right course of action for you or your business.

Alongside changes to the CGT rules, the Federal Budget announced that the availability of negative gearing would be curbed for residential property investors. Properties purchased from 1 July 2027 will be subject to the new rules.

Federal Budget 2026-27 Spotlight – Negative Gearing Alongside changes to the CGT rules, the Federal Budget announced that the availability of negative gearing would be curbed for residential property investors. Properties purchased from 1 July 2027 will be subject to the new rules.

2026-27 Federal Budget was ambitious, announcing significant reforms to capital gains tax and negative gearing in a bid to support home ownership and improve the fairness of the tax system.

Federal Budget 2026-27: Key Announcements

The 2025-26 fringe benefits tax year ended on 31 March. As employers gear up for FBT tax time, there are a few changes for 2025-26 that employers should be aware of, especially if you provide plug-in hybrid electric vehicles (PHEVs) to your employees.

FBT tax time 2025-26 – are you ready?