Inside the new tax reform bill – Parliament tables CGT, negative gearing reforms

The first tranche of the Federal Government’s tax reforms, including replacing the CGT discount with indexation, introducing a minimum tax on capital gains and restricting negative gearing for residential property.

Legislation has been introduced to Parliament on 28 May 2026 which implements the following Budget night announcements: capital gains tax (CGT) changes; negative gearing changes; working Australians tax offset; and standard deduction for work-related expenses. As previously flagged by the Government, this bill represents the first tranche of legislation in respect of the CGT changes, with further consideration and consultation on subsequent tranches of legislation to take place deali...

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Authors: Julian Humphrey, Brent Murphy,

Published Date: 29 May 2026