2026–27 Federal Budget
The centerpiece of Tuesday night’s Federal Budget are proposals to limit capital gains tax (CGT) discounts and negative gearing on property investments, and the introduction of a permanent $250 Working Australians Tax Offset (WATO) in a bid to improve housing affordability and “rebalance a system which is more generous to assets than it is to labour”.
This summary provides a high-level look at key measures in the Albanese Government’s fifth Budget and what they mean for you.