New capital gains tax rules take effect, impacting asset sales significantly
On July 1, 2027, new capital gains tax rules will significantly impact asset sales, taxing gains based only on inflation rates. Collectables bought for over $500 and shares will also face higher taxes, while inherited assets remain exempt. Small business exemptions now apply to entities with annual turnovers over $10 million, increased from $2 million.
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Published 26 Jun 2026, 19:01 UTC · Updated 26 Jun 2026, 19:10 UTC
Summary by OZbrief Editorial. Original report: Brisbane Times. Editorial policy · Corrections
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