2 resultsfor “Albanese tax reforms small business details”
Albanese flagged startups and testamentary trusts would receive [carve outs](https://www.theguardian.com/australia-news/2026/may/25/albanese-forges-ahead-labor-budget-tax-reform-cgt-negative-gearing-business-changes) from the government’s contentious tax reforms. The prime minister’s announcement on Thursday follows weeks of [sustained criticism](https://www.theguardian.com/australia-news/2026/may/29/wealthy-australians-leading-fight-against-cgt-changes-tax-reform-capital-gains)
reform, announcing an end to negative gearing for new investment properties and scaling back the 50% capital gains tax discount. Investment properties bought after Tuesday night will no longer be able to be negatively geared