2026-27 reforms timeline
Every change in the 2026-27 tax reforms, by the date it starts, with its status as law, draft or proposal.
Drag the timeline, use the arrows or select a date to see what changes and its status.
General information, not a forecast or a recommendation. Status as at 19 October 2026. Items marked Proposed aren't law yet.
Budget night
Negative gearing cut-off. From 1 July 2027, losses on established dwellings bought after 7:30pm AEST only reduce residential property income and gains.1
Super tax over $3m starts
Higher tax on earnings for super balances over $3 million, and higher again over $10 million.3
Detailed rules drafted
Exposure drafts for splitting a gain at 1 July 2027 and defining a new build. The bill was introduced on 14 October 2026.4,5
Start-up concession drafted
Draft law for the Innovative Business CGT Concession, a 50% discount on gains from shares issued directly by young, innovative companies. Consultation closed on 28 September 2026.6
The switch
- 50% CGT discount removed for individuals, trusts and partnerships. Companies never had it.2
- Cost base indexed to CPI instead, so only the real gain is taxed.
- 30% minimum tax for resident individuals, with a top-up if the effective rate is lower. Income support recipients are exempt.
- Growth before this date keeps the 50% discount, whenever the asset is sold.
- Individuals selling a qualifying new build can still choose the 50% discount.
- ESVCLP and VCLP limits rise: bigger funds, bigger companies.7,8 Proposed
Assumptions and sources
Status as at 19 October 2026.11,2,7,9,3,5 Each date carries a status: Announced (in the Budget), Law (passed by Parliament), Draft (draft law released for consultation) or Proposed (in a bill or announcement that hasn't become law). Drafts and proposals can change before they become law, so it is worth confirming the current position with a tax adviser before relying on a date.
The 2027 CGT changes explains each change and who pays more under the new rules.
Sources
- Australian Government, Budget 2026-27, Tax explainer: Negative Gearing and Capital Gains Tax Reform. Transitional rules, indexation from 1 July 2027, minimum tax exemption for income support recipients, valuation or apportionment at 1 July 2027, new builds, main residence. ↩
- Federal Register of Legislation, Treasury Laws Amendment (Tax Reform No. 1) Act 2026, as made 26 June 2026. ↩
- Grant Thornton Australia, Division 296 tax has passed Parliament and takes effect from 1 July 2026. ↩
- Treasury, Capital Gains Tax and Negative Gearing: Tranche 2 Legislation, exposure drafts released 3 August 2026, including how to split gains made before and after 1 July 2027. ↩
- Parliament of Australia, Treasury Laws Amendment (Tax Reform No. 3) Bill 2026: introduced 14 October 2026, referred to the Senate Economics Legislation Committee (report due 13 November 2026). Before the House. ↩
- Treasury, Innovative Business CGT Concession: exposure draft legislation, explanatory memorandum and draft legislative instrument; consultation 10 to 28 September 2026. ↩
- Australian Taxation Office, Tax reform: expanding venture capital incentives. ↩
- Treasury, Consultation and exposure draft: expanding venture capital tax incentives. ↩
- Australian Taxation Office, Tax reform: introducing a minimum tax on discretionary trusts. ↩
- Russell Kennedy, Trust tax reforms introduced: 30% minimum tax from income years starting 1 July 2028, restructure rollover 1 July 2027 to 30 June 2030 (bill introduced 14 October 2026). ↩
- Australian Government, Budget 2026-27, Tax reform: CGT discount, minimum tax, negative gearing, venture capital. ↩