⚖️ Capital Gains Tax Changes Loom — How to Protect Your Wealth Before It’s Too Late

By Grant Abbott, Chair of SAPEPAA and Founder of Legal Back Office

Australia’s tax landscape is shifting — and it could reshape how your wealth is taxed for decades to come.

In recent Senate Select Committee discussions, members from Labor, the Greens, and the Liberal Party all signalled support for a major review of Capital Gains Tax (CGT) — including a reduction of the 50% CGT discount to 25%.

This move, if legislated, could have far-reaching consequences for investors, property owners, and business families alike.

🚨 New Senate Move Could Double Your Capital Gains Tax!

🧾 The Capital Gains Tax Discount: A Quick History

When Capital Gains Tax was first introduced in 1986, it only applied to inflation-adjusted gains — a fair system recognising that long-term asset holders shouldn’t be taxed on inflation alone.

But in the early 2000s, the government simplified the system:

• Inflation indexing was scrapped.
• The 50% CGT discount was introduced for individuals.
• Self-Managed Super Funds (SMSFs) received a 33⅓% discount, and
• Companies received no discount at all.

For many years, this structure encouraged Australians to invest and hold assets long-term.

But the government now believes it’s creating too much untaxed wealth among high-net-worth individuals.

📉 What’s Being Proposed

The Senate Committee has discussed:

• Reducing the CGT discount from 50% to 25%.
• Introducing wealth taxes on high-value portfolios.
• Considering intergenerational estate or inheritance taxes of up to 20%.

While nothing is legislated yet, the political momentum is real.

The debate has shifted from if to when.

🛡️ Why You Need to Act Now

If you hold assets — property, shares, or business interests — in your own name, these proposed changes could directly impact your future wealth.

That’s why strategic structuring is essential.

At Legal Back Office, we specialise in building protective wealth structures — ensuring your hard-earned assets aren’t exposed to unnecessary tax erosion or future law changes.

By reviewing your current setup, we can:

✅ Identify CGT and succession vulnerabilities

✅ Explore smarter ownership structures

✅ Protect assets using trusts, SMSFs, and corporate entities

✅ Future-proof your wealth from regulatory and political risk

Video: https://youtube.com/shorts/yK9x3i_y_uU

🔒 Build Your Moat Before the Storm

As I often say, “Don’t wait for Canberra to decide your financial future.”

Now is the time to build your moat — to shield your family wealth from tax reform, litigation, and intergenerational disputes.

If you’re ready to get proactive:👉 Book a confidential strategy session with me or Nush at legalbackoffice.com.au

Together, we’ll ensure your wealth isn’t just protected for today — but fortified for generations to come.