Federal Budget 2026: Capital Gains, Negative Gearing & Trusts Explained

Australia’s 2026 Federal Budget has landed, and there are major proposed changes that could impact taxpayers, property investors, business owners and families across the country. In this episode, Amy and Rob break down the key announcements from the Federal Budget handed down on 12 May 2026, including: • Personal income tax cuts from 1 July 2026 • The proposed new $250 Working Australians Tax Offset (WATO) • The new $1,000 instant tax deduction for work-related expenses • Proposed Capital Gains Tax (CGT) reforms • Changes to negative gearing rules for residential property investors • Proposed 30% minimum tax for discretionary trusts • What these changes could mean for investors, retirees and everyday Australians They unpack what’s already legislated, what’s still proposed, and the practical implications you should be aware of moving forward. ⚠️ Please note: Some measures discussed are proposed changes only and are subject to legislation being passed. If you have questions about how these changes may affect your personal situation, reach out to the team for tailored advice. Robert Goudie, CFP, GradDipFP (ASIC Reg 235974) and Amy Lehmann, BBus (FinPlan), BBus (Acc) (ASIC Reg 1292710), are authorised representatives of Consortium Private Wealth Pty Ltd | ABN 74 616 250 965 AFS Licence 495401.