CGT changes tighten loss ordering rules – eroding the discount before 2027

Proposed CGT reforms add significant complexity and, by mandating how capital losses must be applied, effectively dilute the value of the CGT discount for pre 30 June 2027 gains, as highlighted by Julian Humphrey, Alia Lum, Brent Murphy and Amanda Maguire.

The changes to the capital gains tax rules, which passed the House of Representatives on 4 June, add significant complexity to the calculation of a taxpayer's net capital gain. Some of that complexity is required to achieve the stated policy objectives. However, buried within that complexity is a clear erosion the benefit of the capital gains tax discount rather than merely freezing it at 30 June 2027. See related article: Inside the new tax reform bill – Parliament tables CGT, negat...

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Authors: Julian Humphrey, Alia Lum,

Published Date: 09 June 2026