Small and family businesses in the firing line as peak bodies sound alarm on CGT overhaul
Australia’s four peak business groups, representing millions of workers and businesses, have jointly called on Parliament to reject proposed CGT changes.
Australia’s four peak business groups, representing millions of workers and businesses, have jointly called on Parliament to reject proposed CGT changes.
Australia’s 50% capital gains tax discount has been in place since 1999. Budget 2026 could replace it with an inflation indexation model. CPA Australia, Deloitte and CommBank Economics have all weighed in.
The lowest tax burden coupled with the lowest interest rates since the late 1960s means that Australian small businesses have not experienced such great conditions since the days of black and white TV.
There were certainly plenty of announcements for small businesses across Australia to think about in this budget. Let’s take a walk through the major announcements…
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