Budget Tsunami Is Building - Chalmers' Toughest Budget Yet

Federal Budget Warning: Three Major Tax Changes?

Hi, it’s Grant Abbott from Tax Guru and Lightyear Docs.

Treasurer Jim Chalmers is heading into one of the most difficult budgets in years.

Global tensions are already impacting costs:

• Fuel

• Fertiliser

• Plastics

• Agriculture

Meanwhile, 5% of Australia’s Federal Budget is now dedicated to interest payments.

That creates serious pressure.

Three key areas to watch:

1. Capital Gains Tax Discount
2. Trust Taxation Changes
3. Negative Gearing Limits

At the same time:

• NDIS costs are rising

• Aged care costs are rising

• Inflation pressures remain

Video: https://www.youtube.com/watch?v=6BrTrc0re6k

Everything right now is conjecture — but it’s important.

I’ll be releasing detailed breakdowns from May 13.

Grant Abbott signing off.

#FederalBudget #GrantAbbott #TaxPlanning #CapitalGainsTax #TrustTax #NegativeGearing