Chalmers flags potential tax shake-up in “ambitious” 2026 federal budget
Treasurer Jim Chalmers has flagged an “ambitious” 2026 budget, with tax changes targeting business, capital gains and negative gearing.
Changes to the way capital gains and businesses are taxed are on the cards, as Treasurer Jim Chalmers promises more reforms to level the playing field for younger generations and drive stronger investment.
While the extent of the reforms announced in May will depend on how much the government can afford and global developments, Dr Chalmers’ fifth budget will be full of ambition, he will promise in a speech on Thursday.
His pledge comes amid reports Treasury is drawing up changes to the capital gains tax discount, negative gearing, trusts and tax exemptions for electric vehicles.
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