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Budget bills introduced to House of Representatives
On 28 May 2026, the Commonwealth Government introduced the following two (2) tax reform bills into the House of Representatives: These two (2) Bills have been tabled as part of the Albanese Government’s tax reform package announced in the 2026–27 Federal Budget on 12 May 2026. Minimum CGT Bill The Minimum CGT Bill amends…
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Federal Budget announces tax on discretionary trusts
On 12 May 2026 the Albanese Labor Government delivered the Federal Budget. They propose to impose of a thirty (30) percent minimum tax on discretionary trusts, commencing 1 July 2028. This article addresses the proposed rate and scope and identifies what remains unclear, particularly how and when the tax will be collected based on the…
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What are unrealised capital gains?
An unrealised capital gain refers to an increase in the value of an asset that has not yet been sold or disposed of. In Australia, capital gains are taxed on assets which have increased in value when they are sold and the gain is realised, however the proposed Treasury Laws Amendment (Better Targeted Superannuation Concessions)…
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Eligibility criteria for the Trust Restructure Rollover
Thinking of restructuring your trust for some reason? While there are certainly a number of commercial benefits in transitioning from a trust into a company, a common pitfall is failing to acknowledge potential liability for Capital Gains Tax (CGT) or address potential liability for state based transfer duty (Stamp Duty).
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Trust restructures – relief from capital gains tax
Learn how to avoid or reduce Capital gains tax (CGT) and other taxes when transitioning from a Unit Trust to a company structure. Find out what you need to know about a Trust Restructure Rollover pursuant to Division 124-N of the Income Tax Assessment Act 1997 (Cth).
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Changes to capital gains tax rollover relief rules
The Royal Assent of the Tax Laws Amendment (Small Business Restructure Roll-over) Bill 2016 provides increased flexibility for small businesses to restructure and grow. Eligibility requirements include transfers of active assets as part of a genuine restructure. Click to learn more about the requirements and considerations.
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Creating contracts and capital gains tax
This article provides an overview of Capital Gains Tax (CGT) in Australia, including what is a CGT Asset, examples, CGT Events, Disposing of CGT Asset, creating contractual or other rights, granting an option and record keeping.
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Buy/sell agreements for business succession planning
Buy/Sell Agreements, also referred to as Put and Call Option agreements, provide certainty for a business on the death or disablement of an equity participant. This article explores the various ownership and taxation implications, including insurance trusts, cross ownership, individual ownership, SMSF ownership, group insurance policies, and transfer via will.
Capital gains tax
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