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NEWSCGT shake-up kills popular practice

The days of flipping houses could be dead, experts say, in the wake of major changes to investment property taxes.

Blair Jackson

Prime Minister Anthony Albanese with Treasurer Rita Saffioti.

TaxCommentsPremiumGovernments trade blame amid WA business tax confusion

WA businesses caught by the Budget’s trust tax overhaul could face a costly State duty trap, with Canberra and the WA Government each blaming the other over who should fix it.

Ryan Johnson

Treasurer Jim Chalmers speaking at the Chamber of Minerals and Energy WA event on Thursday.

MiningPremiumMiners wary on CGT shake up after Chalmers’ charm offensive

WA’s mining sector remains worried about the Federal Government’s capital gains tax shake-up despite an in-person charm offensive by Treasurer Jim Chalmers.

Rebecca Le May

Treasurer Jim Chalmers is on a post-Budget trip around the country.

EconomyVideoCommentsPremiumJim Chalmers commits to leaving WA’s GST share untouched

The Treasurer has given a firm commitment to maintaining WA’s current GST share, on his post-Budget trip to Perth.

Rebecca Le May

SGH boss Ryan Stokes says that while Australia is SGH’s core operating centre, the conglomerate would increasingly eye other regions to invest in.

EconomyCommentsPremiumRyan Stokes warns Albo’s Budget will ‘punish aspiration’

SGH boss Ryan Stokes says the Albanese Government’s recent tax overhaul will ‘punish aspiration’ and adds to a broader policy environment making Australia lose its investment attractiveness.

Adrian Rauso

Foreign investors in mining and energy projects are going to be hit with retrospective CGT tax bills dating back 20 years after changes made in the Federal Budget.

MiningVideoCommentsPremiumRetrospective CGT changes hit mining, energy projects

Foreign investors will be further scared off Australian mining and energy — pushing up power prices and crippling the nascent critical minerals industry — by a retrospective change to capital gains tax rules.

Katina Curtis

Anthony Albanese has laughed off a growing backlash over his budget changes to the capital gains tax.

Small BusinessCommentsPremiumFamily businesses fight back on capital gains tax changes

The lobby group for small business owners is hoping enough nervous Labor MPs raise concerns about tax changes that could cause unemployment to rise.

Stephen Johnson

A major review of Australia’s $103 billion GST funding system is under way. Here’s how a small Canberra bureaucracy decides where the cash flows.

analysis
analysis
EconomyCommentsPremium
analysis
GST formula’s bizarre rules are costing WA billions annually

A major review of Australia’s $103 billion GST funding system is under way. Here’s how a small Canberra bureaucracy decides where the cash flows.

Matt Mckenzie

The Federal Government is chasing fairness with its trust tax crackdown, but experts say the tax perk for most small businesses is in the thousands, not millions.

BusinessPremiumSmall business faces tax hike of up to 60pc in Budget plan

The Federal Government is overstating the benefits of its trust tax reforms to small business and some could wind up with tax bills of 60 per cent, experts say.

Ryan Johnson

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POLITICSPremium‘Death tax’ row erupts over new 30 per cent levy

The Albanese government’s proposed new levy on trusts has been met with furore, with the Coalition comparing it to a “death tax”.

Joseph Olbrycht-Palmer

Federal Treasurer Jim Chalmers.

Small BusinessCommentsPremiumWA small businesses face double tax blow under CGT changes

The Federal Government’s changes to capital gains taxes could see WA small businesses cop a double tax bill if they restructure to cope with the overhaul.

Adrian Lowe

Treasurer Jim Chalmers, Prime Minister Anthony Albanese and Minister for Housing Clare O’Neil on Monday in Brisbane.

Your MoneyCommentsPremiumWhy negative gearing changes could push up house prices

A millennial who owns 18 residential investment properties predicts Labor’s negative gearing changes, restricting tax breaks to brand new homes on greenfield land, will only push up prices in affordable areas.

Stephen Johnson

Ray White says average attendees per property has fallen 16 per cent in the wake of the federal budget. NewsWire / Flavio Brancaleone

financePremium‘Dominoes’: Banks move on investor overhaul

Two major Australian banks have moved quickly on changes to property investor tax handouts.

Blair Jackson

Irrespective of your personal income tax rate, a super fund deducts at least the 15 per cent contributions tax when the payment is a concessional contribution.

Your MoneyCommentsPremiumWhy you can skip super top-ups if you earn this much

New income tax rates that take effect in six weeks mean it’s time for many superannuation members to revisit their voluntary contribution levels, or risk wasting up to $3400 in unnecessary tax. 

Nick Bruining

If you’re involved in a family trust, special tax concessions announced by Treasurer Jim Chalmers last week mean now might be the time to rearrange your affairs. 

Your MoneyCommentsPremiumHow Chalmers’ Budget changes affect your family trust

If you’re involved in a family trust, special tax concessions announced by Treasurer Jim Chalmers last week mean now might be the time to rearrange your affairs. 

Nick Bruining

After last week’s Budget, I am now weighing up my options on whether I should sell an East Perth investment unit. Can I park the proceeds in super to dodge the tax blow?

Nick Bruining Q+ACommentsPremiumShould I sell my rental unit now to dodge CGT changes?

Q+A: After last week’s Budget, I am now weighing up my options on whether I should sell an East Perth investment unit. Can I park the proceeds in super to dodge the tax blow?

Nick Bruining

ChatGPT tax tips could cost Australians at tax time, the ATO warns.

Your MoneyCommentsPremiumWhy ChatGPT can be a bad tax adviser

Australians have long been warned not to take tax advice from a mate at a barbecue. Now the Australian Taxation Office says to not rely on ChatGPT at tax time.

Ryan Johnson

CBA believes it will take up to 1 per cent off house price growth. NewsWire / Nicholas Eagar

FINANCEPremium‘Sacred cow’: Tax change divides experts

Australia has “wasted billions” making housing unaffordable through investor tax breaks, but a radical budget shake-up changes everything.

Cameron Micallef

While the policy changes may appear relatively straightforward in isolation, the broader behavioural and economic implications are far less certain and will require careful consideration for individuals and businesses alike.

opinion
opinion
Asset allocationCommentsPremium
opinion
Chalmers just changed middle Australia’s investment equation

The risk is that taxation policy begins influencing investment decisions in ways that may not necessarily produce the best long-term economic outcomes for investors or for capital markets more broadly.

Robert Zammit

The changes to negative gearing may also have unintended consequences.

Federal BudgetCommentsPremiumHere’s what happens next to Perth’s housing market

While the Federal Government will be keen to push the line that an additional 75,000 homeowners will result from Tuesday night’s announced changes, it’s the unintended consequences we need to think about.

Nick Bruining

Confused about the tax changes revealed in Tuesday night’s Federal Budget? Finance expert Nick Bruining explains everything you need to know about how investment properties will be affected.

Federal BudgetCommentsPremiumGot a rental? How Chalmers’ changes affect you and CGT

Confused about the tax changes revealed in Tuesday night’s Federal Budget? Finance expert Nick Bruining explains everything you need to know about how investment properties will be affected.

Nick Bruining

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Federal budgetPremium‘Easy but wrong’: Labor explains housing overhaul

Treasurer Jim Chalmers has explained why the Albanese government broke an election promise.

Joseph Olbrycht-Palmer

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UPDATEDPremium‘Unnecessary’: Chalmers slammed for tax change

Australian workers have been dubbed the big winner as the government as a group slams a critical tax change.

Cameron Micallef

Australia’s tax revenue from tobacco is projected to fall even further. NewsWire / Jane Dempster

Federal budgetPremiumAlbo’s $5bn ciggie problem

Excise revenue is tipped to fall by $5.4bn over the next five years, and the government is largely blaming one thing – tobacco.

Nathan Schmidt