What it means for you, your business, and your portfolio.
The complete LMS Advisory briefing on tonight’s Federal Budget — for business owners, company directors, property investors, healthcare professionals, the real estate industry and the construction industry. Action-first. Plain English. Australian.
The most significant Federal Budget for our clients in twenty-five years.
If you build wealth through property, run a business through a family structure, or hold material super, tonight’s Budget changed the rules. The 50% capital gains tax discount is being replaced with inflation indexation for new acquisitions. Negative gearing on established property is being wound back. Family trust distributions face a new 30% minimum tax floor. Division 296 commences on 1 July 2026 for super balances above $3 million. Existing portfolios are grandfathered. New builds are protected. The lanes have narrowed, but the door is not closed.
For business owners, the $20,000 instant asset write-off is now permanent. Five tax cuts are in motion. The ATO has been funded to step up compliance activity on contractor classification, Division 7A and trust distribution patterns. For the health sector, $25 billion in additional hospital funding lands. For construction, $6.3 billion in housing-enabling infrastructure unlocks the supply pipeline.
We have produced nine briefing papers covering the Budget from every angle relevant to our client base. Download whichever speaks to you. If you’d rather just talk through what it means for your specific situation, book a Budget review with us — that’s almost always the most valuable use of your time this week.
At a glance
The 2026-27 Budget by the numbers
Start here
Six comprehensive Budget briefings covering the headline measures, the cost-of-living package, the economic outlook, both sides of the political argument, the full personal tax picture, and the $3.5 billion business tax package for companies.
The 2026-27 Federal Budget Update
The comprehensive client briefing. The headline measures — CGT reform, negative gearing changes, the new-build carve-outs, the $20K write-off going permanent, family trust distribution floor — explained section by section for business owners and property investors.
Download the Budget Overview Download our Full Budget Client Brief Download the Budget Q & A – Your Questions Answered!What the Budget does for your hip pocket
Five tax cuts, the new Working Australians Tax Offset, the $1,000 instant deduction, fuel relief, housing supply, health, and wages. The cost-of-living package in detail.
Download Cost of LivingThe Economic Imperative
Debt, deficits, forward projections and the long road back to surplus. Treasury’s forecast tables, the AAA credit rating risk, and what stable net debt at 20-22% of GDP actually means for borrowing costs.
Download Economic ImperativeThe Great Budget Debate
Alexander and Tim argue both sides of tonight’s Budget — tall poppy redistribution, workers versus investors, the welfare-pension lifecycle, grandfathering, and the supply-side bet. No straw men.
Download The Great DebateThe Tax Update
The 2026-27 tax brackets table plus every direct and indirect tax change for individuals, business, investors and superannuation. Includes the SMSF Division 296 and payday super sections.
Download the Tax UpdateThe Company Tax Update
The $3.5 billion business tax package in detail. Permanent loss carry-back, the permanent $20K write-off, start-up loss refundability, R&D Tax Incentive reform, venture capital expansion, PAYG flexibility, EV FBT transition, and the trust 30% floor — with corporate beneficiary restructuring guidance.
Download the Company Tax Update Download the Mid Sized Company Tax Update ($10m – $100m)What it means for your industry
Tailored guides covering the direct and indirect Budget consequences for the three industries where most of our client base operates. Each guide includes role-by-role action items.
Real Estate Industry Update
For agency principals, selling agents, developers, property managers, mortgage brokers and valuers. The new-build redirect, the $2 billion infrastructure fund, foreign buyer ban, ATO compliance on contractors and trust distributions.
Download Real Estate guideHealthcare Professionals Update
For doctors, specialists, dentists, allied health and health-sector business owners. $25bn hospital funding, Medicare Urgent Care Clinics made permanent, plus the high-income earner, investor, service entity and SMSF Division 296 angles.
Download Healthcare guideBuilding and Construction Industry Update
For builders, subbies, tradies, civil contractors, developers and family construction businesses. $6.3bn housing infrastructure, $85m skilled trades migration, fuel excise relief, $20K write-off permanent — and the contractor classification compliance trap.
Download Construction guideMore industry guides
Additional industry briefings are in development. Looking for a specific industry view? Email us with your sector and we will prioritise it.
Request a sector guideWant us to walk through this for you?
The most valuable thing you can do this week is book a 30 to 60 minute Budget review. We will model the measures that apply to your specific situation and prepare a written action plan with dates and dollar impacts.
Book a Budget reviewor email alexander@lmsadvisory.com.au | call 0422 432 629
Certified Practising Accountants | Registered Tax Agent | ABN 65 302 567 149
Proactive accountants, business builders and financial enablers.
These briefings are a general summary of the 2026-27 Federal Budget based on the Treasurer’s speech and an initial review of Budget Papers No. 1 and No. 2 on the night of release. They are not personal tax, financial or legal advice. Budget measures take effect once legislation is passed by Parliament, and details can change during that process. Please speak with us before acting on any of the measures discussed.
