Guardian Australia
Negative gearing, capital gains tax and family trusts are all facing a big shake-up in the name of intergenerational fairness. How will it all work? Federal budget 2026 LIVE updates: Australia government budget announcement and speech – latest news Explore all of our 2026 Australia federal budget coverage Get our breaking news email , free app or daily news podcast The treasurer, Jim Chalmers, says Tuesday’s federal budget includes “the most significant tax reform package in more than a quarter of a century”. With changes to negative gearing, the capital gains tax discount (CGT) and tax treatment for trusts, Labor says the plan will rebalance the system, away from taxing incomes and more towards taxing assets. Continue reading...
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