69 Trusts, CGT and the 2026 Budget: What Has Changed That You Need To Know

Is your trust still worth having? That's the question Naomi puts to Justine Wilson, Director at Altus Financial, in this deep dive into two of the biggest changes to come out of the May 2026 Federal Budget — the proposed 30% minimum tax on discretionary trusts, and the change to how capital gains tax is calculated on assets you already own. Naomi and Justine get into who these changes were designed to target, and who is actually likely to feel them. If you have a trust, you're thinking about setting one up, or you just want to understand what's settled law versus what's still just a proposal, this episode is your plain-English guide. IN THIS EPISODE YOU WILL LEARN Whether a discretionary trust is still worth having, and who is genuinely affected by the proposed minimum tax Why the classic "bucket company" strategy is effectively ending The proposed three-year window to restructure out of a trust, and why state stamp duty could still get in the way What the CGT cost base indexation change (already law, from 1 July 2027) means for assets you already hold Why you don't need to panic and get everything valued by 30 June 2027 ABOUT JUSTINE WILSON Justine Wilson is the Director of Altus Financial, where she works with clients on structuring, tax and asset protection decisions — including whether a trust is the right vehicle for their circumstances. Justine has been closely following the development of the 2026 Budget trust and CGT measures as they move through consultation. You can find Justine at [email protected], and https://www.altusfinancial.com.au/. ENJOYED THIS EPISODE? If this episode helped make sense of what's actually changing — and what isn't — the best thing you can do is leave a review wherever you listen. It takes less than two minutes and helps more women find this show. And if you know someone who's been asking "should I still have a trust?", send them this episode. DISCLAIMER This episode contains general information only and does not take into account your personal objectives, financial situation or needs. It is not financial product advice. Before acting on anything discussed, consider whether it's appropriate for your circumstances and seek advice from a qualified professional. Naomi Holmes and Her Money Matters are licensed by Alethea Partners Pty Ltd, AFSL 557729. This episode is sponsored by Global X ETFs. Sponsorship does not influence the general information shared in this episode, and nothing discussed should be taken as a recommendation of any Global X product or service. A note on legislative status: the negative gearing and CGT cost base indexation changes discussed in this episode passed Parliament and received royal assent on 25 June 2026 as the Treasury Laws Amendment (Tax Reform No. 1) Act 2026 — these are now law. The proposed 30% minimum tax on discretionary trusts is a separate measure from the same Budget that has not yet been legislated — Treasury's consultation process closed 31 July 2026 and exposure draft legislation has not yet been released. Everything discussed about trusts in this episode reflects the current best-available information at time of recording and is subject to change.