Pre-CGT assets The Government has announced a significant change to the capital gains tax (CGT) treatment of assets acquired on or before 19 September 1985. From 1 July 2027, these assets will no longer be fully exempt from CGT. Instead, capital gains arising after that date will become taxable, while gains accrued before 1 July […]
From 1 July 2027, the Government will limit the ability to negatively gear residential investment properties purchased from 7.30pm on 12 May 2026 other than new builds. Arrangements in relation to existing residential properties will be grandfathered. Negative gearing occurs where the income earned from property is less than the expenses incurred (for example, interest, […]
The Government has announced the $250 Working Australian Tax Offset (WATO) as a measure to reduce the tax burden on individual taxpayers in the face of cost-of-living pressures. On lodgement of their 2028 income tax returns, individuals who earn employment income and business income as sole traders will qualify for the $250 WATO. The WATO […]
While the headline Budget measures focused on CGT, negative gearing and trust reform, the business package offers a more targeted set of changes. The reintroduction of loss carry-back, a permanent $20,000 instant asset write-off, and expanded R&D and venture capital incentives provide some relief but fall short of the structural support many middle market businesses […]
The Government has announced changes to the electric car Fringe Benefit Tax (FBT) exemption, which has proven popular in encouraging Electric Vehicle (EV) adoption. The proposed changes retain strong incentives in the near term, but narrow and redesign the concession from 1 April 2029. From 1 April 2029, a permanent 25% discount on FBT will […]
There were no major superannuation measures in the Budget, however the Division 296 ($3m super balance tax) legislation enacted in March 2026 will commence from 1 July this year. Clients should therefore consider the broader policy announcements and their potential implications for superannuation structures and long-term planning. Capital Gains Tax reform Changes to the Capital […]
The Budget continues the Government’s focus on tax system integrity, with new funding to strengthen the prevention, detection and response to fraud across the tax and superannuation systems. The Government will provide $86.3 million over four years from 1 July 2026, with ongoing funding of $9.7 million per year from 2030–31, to deliver Phase 2 […]
Victoria’s election-year Budget offers handouts but dodges hard choices Victorian Treasurer, Jaclyn Symes handed down her second Budget earlier today. It provides targeted cost of living relief but fails to address the increasing cost of doing business in Victoria or provide any relief from the significant tax burden that is now borne by Victorians, particularly […]
Welcome to Pitcher Perspective, where we cut through the noise and go in-depth on topics important to Australians. Want to be smarter about tax planning before year-end? In this episode, Wealth Partner Jordan Kennedy and Private Business Advisory Partner Ankit Sharma explore various beneficial tax planning options ranging from understanding superannuation contribution caps to business […]
Ali Suleyman, Elena Bogomolova, Peejade Cheng and Gary Matthews from Pitcher Partners Melbourne, present the annual Fringe Benefits Tax (FBT) Update. This session is designed to support you in preparing and lodging your FBT return for the year ended 31 March 2026. Our experts will help you refresh your knowledge in relation to key principles […]
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