Australia: Corporate Tax

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Article
Foreign Resident Capital Gains Withholding Changes: More Than Just Another Notification
From 1 October 2026, foreign vendors in transactions valued at $50 million or more must notify the Australian Taxation Office when providing non-indirect Australian real property interest declarations. These new requirements introduce strict notification deadlines, comprehensive reporting obligations, and significant penalties for non-compliance. How will these reforms impact transaction planning, risk allocation between parties, and completion mechanics for cross-border deals?
Australia Tax
PA
Piper Alderman
Article
Minimum Tax On Discretionary Trusts: What The Exposure Draft Means For Trustees
The Australian Government has released exposure draft legislation for a proposed 30% minimum tax on discretionary trusts, effective from 1 July 2028. Trustees now face three strategic pathways: remain within the minimum tax regime, restructure using transitional rollover relief, or elect into the new excluded election trust (EET) regime with restricted distribution flexibility.
Australia Tax
HR
Holding Redlich
Article
Update On Status Of Key Tax Measures Announced In Budget 2026-27
Australia's 2026-27 Budget introduces sweeping changes to capital gains tax, negative gearing, and discretionary trust taxation, fundamentally reshaping decades of established tax policy. The Treasury Laws Amendment (Tax Reform No. 1) Act 2026 has now received Royal Assent, but significant controversy surrounds key provisions including the new 30% minimum tax on discretionary trusts and restrictions on corporate beneficiaries. How will these reforms affect existing trust structures, investment strategies, a
Australia Tax
HR
Holding Redlich
Article
Federal Court Clarifies Loss Transfer Cancellations: A Win By Retaining Losses
The Federal Court of Australia has clarified the operation of section 707-145 of the Income Tax Assessment Act 1997, determining that a head company's choice to cancel the transfer of tax losses must be made in relation to the joining year. The judgment in Evolution Mining Limited v Commissioner of Taxation provides critical guidance on the timing requirements for cancelling automatic loss transfers in consolidated groups, confirming that choices made in later income years are ineffective.
Australia Tax
CC
Corrs Chambers Westgarth
Video
It Depends – What Are The Proposed Changes To The Taxation Of Discretionary Trusts In The 2026 Federal Budget? (Video)
The Australian federal government's 2026 Budget introduces significant changes to discretionary trust taxation, implementing a minimum 30% tax rate at the trust level from July 2028. While certain trusts including fixed trusts, charities, and existing testamentary trusts receive exemptions, new discretionary testamentary trusts face strict requirements limiting beneficiaries to individuals only. Understanding these proposed reforms and their implications for asset protection, estate planning, and business s
Australia Tax
CG
Cooper Grace Ward
Article
Tax Reform Update – Government’s Post-Budget Carve-outs And The New Start-up CGT Concession
The Australian Government has announced significant revisions to its 2026 tax reform package following intensive consultation, including expanded small business CGT concessions, a new innovative business CGT discount for early-stage investors, and broadened exemptions for testamentary trusts. These adjustments respond to industry feedback while maintaining the fundamental architecture of replacing the 50% CGT discount with cost base indexation and introducing a 30% minimum tax on trust distributions.
Australia Tax
PA
Piper Alderman
Article
Blockchain Bites: Pardon The Interruption – The ATO Enters Bitcoin Property Debate; Ramp And Rails: AUSTRAC Steps Up VASP Supervision; Tokenisation, Tested: Australia Drops Project Acacia Report
Australia's High Court is set to rule on whether bitcoin constitutes property under common law, with the Australian Taxation Office intervening to protect over a decade of tax administration based on treating cryptocurrency as a taxable asset. Meanwhile, AUSTRAC launches new supervisory campaigns targeting virtual asset service providers, and the Reserve Bank releases findings from Project Acacia exploring tokenised finance in wholesale markets.
Australia IP
PA
Piper Alderman
Video
It Depends – What Are The Proposed Changes To Negative Gearing Announced In The 2026 Federal Budget? (Video)
The Australian Federal Government's 2026 Budget proposes significant changes to negative gearing rules for residential property investors, set to take effect from July 2027. Under the proposed legislation, negative gearing will only apply to new residential dwellings, while existing properties purchased before May 12, 2026, will be grandfathered under current ownership.
Australia Tax
CG
Cooper Grace Ward
Podcast
Podcast: The 2026 Federal Budget With CGW – Discretionary Trusts
Partners Scott Hay-Bartlem and Linda Tapiolas break down the 2026 federal Budget's proposed changes to discretionary trusts, examining new tax rates, beneficiary credits, and exemptions. As legislation continues to evolve, they explore the complexities of restructuring trust and company arrangements and explain why businesses should adopt a cautious approach to these significant reforms.
Australia Tax
CG
Cooper Grace Ward
Article
Mitigating The Unseen: Why Tax Due Diligence Is Critical When Acquiring An Australian Entity
Acquiring an Australian business involves more than just agreeing on a purchase price. Historical tax exposures lurking beneath financial statements can significantly erode deal value if left unexamined. Understanding the hidden risks of open audit windows, substantiation requirements, and capital gains tax obligations is crucial for protecting your investment and ensuring the true economic reality of your acquisition.
Australia Commercial
GGI Global Alliance
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