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$20,000 instant asset write-off now permanent, plus loss carry-back
The $20,000 instant asset write-off is permanent from 1 July 2026 and companies can carry back losses again. The rules, the traps and how the two combine.
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CGT valuation at 1 July 2027: market value or the formula?
Every asset you hold on 30 June 2027 gets a value that splits your gain between the old CGT discount and the new rules. When a valuation is worth paying for.
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Bendel decision: unpaid present entitlements and Division 7A
The High Court held in Bendel that an unpaid present entitlement owed to a company is not a Division 7A loan. What changes for trusts with bucket companies.
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30% minimum tax on family trusts from 1 July 2028 explained
A 30% minimum tax on discretionary trust income is proposed from 1 July 2028. How it works, who pays more, and the rollover and election options in the draft.
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$1,000 standard deduction for work expenses: who should still itemise
From 2026–27 employees get a $1,000 standard deduction for work expenses with no receipts. It is not in this year’s return, and some should still itemise.
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Negative gearing changes from 1 July 2027: who is grandfathered
Bought an investment property after 12 May 2026? From 1 July 2027 its losses no longer reduce tax on your salary. Who is grandfathered and what to do now.
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CGT discount ends 1 July 2027: indexation and the 30% minimum tax
The 50% CGT discount is replaced by cost base indexation and a 30% minimum tax from 1 July 2027. What changes, what is protected and what to do before then.
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The 30 June tax planning checklist
Almost everything that reduces your tax has to happen before 30 June. A practical checklist for individuals and businesses — super, timing, CGT, trust resolutions and Division 7A.
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Super contribution caps 2026–27 and the carry-forward rule most people miss
The concessional cap rose to $32,500 on 1 July 2026. How to claim a personal contribution as a deduction, and why carry-forward matters most in the year you have a capital gain.
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Overdue tax returns: what it costs to leave them, and how to fix it
The failure to lodge penalty is up to $1,820 per return from July 2026 — but many long-overdue returns produce a refund. What the ATO actually does, and how catching up works.
Tax Tips
Plain-English tax articles from a Chartered Accountant and Registered Tax Agent. Deductions, rental property, crypto, super and small business obligations — with every figure sourced from the ATO.
