Episode 7: CGT & Trust Changes Update - What Every Farming Family Needs to Know

In this episode of the Future Farming Families Podcast, Chris Mulcahy unpacks the latest federal budget discussions and proposed tax changes—and what they could mean for family farming businesses across Australia.While nothing is fully locked in yet, these potential reforms are already sparking important conversations around succession planning, business structures, and long-term strategy. Chris shares his perspective on the current landscape, the uncertainty surrounding trust taxation and CGT changes, and how these shifts could impact confidence, decision-making, and generational wealth in farming families.More importantly, this episode highlights the opportunities that still exist right now—particularly around existing CGT concessions, restructuring options, and stamp duty exemptions that could help protect millions in family equity if used effectively.Chris also introduces the upcoming Future Farming Families Foundations Program, designed to help families become “succession ready” by building a clear, practical succession blueprint.Key topics covered:What proposed tax changes could mean for family farmsWhy succession planning is more critical than everCurrent CGT concessions and restructuring opportunitiesTrust structures, tax implications, and potential reformsPractical steps to future-proof your farming businessIf you're part of a farming family—or advising one—this episode is a must-listen to better understand the road ahead and how to prepare with confidence.