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Picture Book · Tax in depth

The CGT change in 2027

Story pages

A woman around sixty with a silver bob walking along a beachside boardwalk with a hat
Meet Sandra. She's 60 and owns shares and an investment unit.
A ripe pumpkin on a timber bench cut cleanly in half
Today, individuals who hold an asset for at least 12 months can generally halve their capital gain.
Seasons changing on a single tree: half in summer green
From 1 July 2027, the 50% discount is replaced by indexing the cost for inflation, plus a 30% minimum tax on capital gains.
A fence line dividing an old paddock from a freshly ploughed one
Only gains that build up from 1 July 2027 are affected. Gains up to then keep the 50% discount.
A sheltered garden seat under a pergola covered in vines
People who get a means-tested payment such as the Age Pension during the year of the sale are exempt from the minimum tax.
A woman around sixty with a silver bob writing in a notebook at a cafe by the sea
This is law: Treasury Laws Amendment (Tax Reform No. 1) Act 2026, assented 26 June 2026. Sandra plans her timing with advice.

The end

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General advice warning. This picture book is general information only. It does not take into account your objectives, financial situation or needs, and it is not personal advice. Rules and thresholds change. Before acting, consider whether it is right for you, read any relevant Product Disclosure Statement and our Financial Services Guide, and seek personal advice. Past performance is not a reliable indicator of future performance.

Information as at 27 October 2026. Sources:

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Keep exploring: More tax in depth stories · All picture books · Age Pension what-if planner · Cost-of-living help for homeowners