Tax Time 2026!
Tax Time Shake-Up: What Every Aussie Needs to Know for 2026–27!
Tax time is just around the corner, with a number of changes set to kick in from July 1. So what do you need to know and how can you prepare?
On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Mark Chapman, director of tax communications at H&R Block, to break down the key updates and the moves to make before and after June 30.
00:00 Introduction
01:07 Federal budget tax changes overview
01:36 What’s changing with negative gearing?
03:09 Capital gains tax overhaul
04:50 Family trusts and the 30% minimum tax
06:22 $1,000 instant deduction
08:24 Working Australians Tax Offset
09:51 Lower income tax rates and super changes
11:42 Who the ATO is targeting this year
14:49 EOFY checklist: practical steps to take now
17:10 — Common mistakes when preparing a tax return
18:30 Conclusion
#friendswithmoney #tomwatson #markchapman #tax
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Email Us: podcast@moneymag.com.au
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