Melbourne Partner Daniel Burt joined 3AW again to unpack the specifics on the Capital Gains Tax changes from the Federal Budget 2026-27.
Key points:
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The Federal Budget’s proposed removal of the 50% CGT discount – in place for 26 years – and its replacement with indexation will significantly increase the tax burden on Australians selling capital assets, including shares, property and private businesses.
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Business owners who have built a business over many years could face a tax liability of up to 47 cents in the dollar on the sale of their business, double the previous effective tax rate of 23.5%, catching many by surprise given the government’s pre-budget focus was on the taxation of property.
- The Budget changes reach further than expected, impacting younger Australians saving for a home deposit via share portfolios, as well as deceased estates and testamentary trusts, where a new minimum 30% tax on trust income has drawn comparisons to a “death tax.”
Listen to the full interview below:
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