Barris Accounting

Labor has largely walked back the measure, but some trusts will still be hit with a 30 per cent tax. https://www.smh.com.au/politics/federal/some-inherited-trusts-will-still-be-caught-after-death-tax-backflip-20260619-p608bh.html?utm_content=feed&utm_term=metros_social_eds&utm_medium=social&utm_campaign=sydney_morning_herald&utm_source=Facebook =1782013200

The government’s CGT carve-outs are welcome, but they don’t get to the heart of the problem: Australia needs more people taking more risk.

Read the latest Chanticleer: https://ebx.sh/O7WDKf

Start-ups, small businesses win CGT reform carveouts Labor has expanded CGT carveouts after business backlash, shielding 2.7 million small businesses and preserving tax breaks for eligible start-ups.

Albanese winds back tax hikes for small businesses, start-ups, testamentary trusts Businesses with turnover of up to $10 million will be able to claim 50 per cent off their capital gains tax.

The real opportunity in this year’s Budget is making sure your business ready for what comes next The 2026 Budget has sparked important conversations about trusts, capital gains tax and how business owners structure their long-term wealth

Why rents could surge without helping first homebuyers A leading property economist is warning Labor’s negative gearing and capital gains tax changes will cause rents to soar without seeing more first homebuyers enter the housing market as investors lost interest.

A small detail on capital gains tax in the budget bill has the potential to compound the pain investors may face.

Read more: https://ebx.sh/yC3bU5