2026–27 Federal Budget What It Means for You
Treasurer Jim Chalmers handed down the 2026–27 Federal Budget on 12 May 2026 — describing it as the most significant tax reform package in over 25 years. For individuals, investors, business owners, and family trust holders, several of these changes carry real planning implications.
Below is a plain-English summary of what's been announced and what it means for you. Many of these measures still require legislation before they become law, and some may be subject to change. We'll update this page as things develop.
Not sure how these changes affect your situation?
Important Reminder
These Are Proposals, Not Yet Law
Many of the measures announced in the 2026–27 Federal Budget still require legislation before they become law. Some measures — particularly those relating to trusts and CGT — may also become contested following the next Federal election. We are monitoring the progress of all measures closely and will update this page accordingly.
This page is intended as a general summary only and does not constitute financial or tax advice. Your individual circumstances will determine how these changes affect you.
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Last updated: May 2026.
This page will be updated as legislation progresses.
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What Should You Do Now?
The planning window for most of these changes is open right now — particularly for trust distributions, CGT timing, and business restructuring. Waiting until the rules take effect leaves you with fewer options.
Whether you're an individual investor, a family business operating through a trust, or a small business owner navigating these changes, we're here to help you understand the impact and plan accordingly.
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