Overview
- Following Tuesday night's budget, the government confirmed investor tax changes start on 1 July 2027 with grandfathering for properties and gains in place at 7:30pm AEST on 12 May 2026.
- Negative gearing will be restricted to newly built homes from 2027, and losses on existing-property purchases after budget night can only be written off against rental income, with the government forecasting about 75,000 extra first‑home buyers over a decade.
- The 50% capital gains tax discount ends in 2027 and is replaced by inflation indexation plus a minimum 30% tax on gains, while main-home and superannuation exemptions remain and investors in new builds can choose the old or new CGT settings when they sell.
- A 30% minimum tax on discretionary trusts begins on 1 July 2028, and a permanent Working Australians Tax Offset of up to $250 a year will apply from 2027–28 to more than 13 million wage earners.
- Treasury projects the package will raise about $77 billion over ten years, the Coalition has signalled it will oppose the overhaul, and industry groups warn investor pullback could slow housing construction despite the carve‑out for new builds.