News

Spring Business Bulletin

Major changes to the taxation of capital gains and discretionary trusts were announced in the 2026–27 Federal Budget. While the new rules do not begin immediately, they may affect the way some small businesses own assets, distribute income, plan for succession or eventually sell their business. At the time of writing, these measures have not yet passed Parliament and may change before becoming law.
For most business owners, there is no need to make an immediate change. Final legislation will need to be passed before certainty of the proposals are known, however, there is good reason to understand what has been announced and to begin a conversation with your advisers well before the new rules commence.