Following the 2026 Federal Budget changes to Capital Gains Tax (CGT) concessions, Sydney-based mortgage broker Maria Papa advises property owners to look at the numbers and evaluate their potential losses before the new laws take effect on July 1, 2027.
Key Points
- The Broad Changes: Starting July 1, 2027, the automatic 50% CGT discount will be replaced by a system that only taxes profits above inflation, introducing a new minimum tax rate of 30% and ending the tax-free status for properties bought before 1985.
- The Impact on Current Owners: For existing property owners, any profit made up until July 1, 2027, remains protected under the old rules and is still eligible for the 50% discount.
- The Impact on First Home Buyers: Those who later invest in newly built properties can leverage a loophole that lets them choose between the old 50% discount and the new inflation model, a perk designed to drive investor cash into new housing construction.
Is it worth it to invest in properties? Hopefully makakakuha ka ng growth in the future. It may not be as much as what it used to be. But, as long as may growth siya at hindi mahirap tanganan. Property is just one way to build wealth, but it’s not as lucrative as it used to beMaria Papa, Mortgage Broker
Disclaimer: This podcast is for general information only. For specific financial advice, you should consider seeking independent business, legal, financial, taxation or other advice to check how the information here relates to your unique circumstances.
📢 Where to Catch SBS Filipino
🔊 On Air – Tune in to SBS Filipino on radio stations across Australia and website live stream, and TV Channel 302 from 10 AM to 11 AM AEST daily.
📲 Catch up episodes and stories – Visit sbs.com.au/filipino or stream on Spotify, Apple Podcasts, YouTube Podcasts, and SBS Audio app.
📣 Follow Us on Social Media – Stay updated by following us on Facebook, Instagram and YouTube
Share
