Budget 2026–27 / Personal Position Tool

Before & After
Tax Position Calculator

Compare your annual income tax position and one-off capital gains outcomes under the current rules and the announced reform package. Built around the 12 May 2026 budget measures: bracket cut, $1,000 instant deduction, WATO, CGT discount removal, negative gearing limitation, and 30% trust distribution floor.

Before means FY 2025–26 rules — current brackets (16% second bracket), full 50% CGT discount, unrestricted negative gearing, no trust distribution floor.

After means FY 2028–29 rules with all measures phased in — 15% second bracket, $1,000 instant deduction, $250 WATO for incomes under $200k, CGT indexation with 30% floor, NG limited to new builds, and 30% trustee tax on discretionary trust distributions.

Section 01

Your profile

Personal employment income. Used to determine your marginal rate for CGT and to apply income tax brackets.

Section 02

Discretionary trust distributions

Annual distributions from a discretionary (family) trust. Enable if your household receives income via a trust structure.

Add each beneficiary's distribution amount and any other income they earn (e.g., a part-time job). The calculator applies the 30% trustee floor under post-reform rules with non-refundable credits.

The post-reform calculation assumes the trust 30% floor applies from FY29. Trustee pays 30% on the distributed income; beneficiaries receive non-refundable credits that can only reduce (not refund) their personal tax. Any excess credit is wasted.
Section 03

Investment property

Residential investment property — annual cash flow impact from negative gearing changes plus one-off CGT impact at sale.

Section 04

Share portfolio / CGT asset

Shares, units, or other CGT assets — one-off disposal comparison under the two regimes.

Calculated Position

Side-by-side comparison

Before reformsFY 2025–26 rules

After reformsFY 2028–29 rules fully phased in

Annual position change
$0
Combined total impact
$0
Methodology and assumptions. Income tax brackets: FY26 uses 0/16/30/37/45% with thresholds at $18,200, $45,000, $135,000, $190,000. FY29 uses 0/15/30/37/45% (legislated 16→15% second bracket from 1 July 2026 carried through). Medicare levy applied at flat 2% above threshold. $1,000 instant deduction applied at marginal rate. WATO ($250) for incomes under $200k. CGT indexation uses approximate cumulative ABS CPI from acquisition year to sale year, with 30% minimum tax rate. Negative gearing under post-reform rules: existing property held before 12 May 2026 retains full deductibility; established property purchased after the cut-off can only offset against rental income (excess carries forward, modelled as zero current-year deductibility against other income). Trust 30% floor calculated as trustee-paid tax with non-refundable credit; excess credit when beneficiary's marginal tax falls below 30% is forfeited. This is an estimate for personal modelling purposes, not formal tax advice — sufficient material errors of detail will exist that this should not be relied on for actual transaction decisions. Consult a registered tax agent before doing anything irreversible.