Post by CPA Australia

Big tax changes are on the horizon – and they could reshape how Australians invest, save and structure their finances. ⚡ From proposed changes to capital gains tax (CGT) and negative gearing, to a new minimum tax on trust distributions, the upcoming Federal Budget is set to have wide-reaching implications for households and small businesses. 🏠 CPA Australia Tax Lead Jenny Wong warns the proposed trust changes could hit harder than intended: “Hundreds of thousands of small businesses use trusts, and this measure could capture millions of middle-income Australians. Low and middle-income recipients could end up paying more tax than if they earned that income directly. A blanket rate at this level risks creating a punitive tax environment rather than improving equity.” - Jenny Wong, Tax Lead, The Australian Financial Review Thursday 7 May, 2026 See full article in the Australian Financial Review 👉 https://bit.ly/4dfrlZN With key details still to be confirmed, the message for taxpayers is clear: Understanding the changes early – and seeking professional advice – will be critical. CPA Australia will continue to advocate for a balanced approach that supports fairness without adding unnecessary complexity or unintended consequences.