July marks the beginning of tax return season for millions of Australians. While many people are eager to lodge as soon as possible, taking the time to review your position and ensure you've captured all available deductions could make a significant difference to your overall tax outcome.

The 2026 Federal Budget delivered some of the most significant tax changes to Australian investors in decades. Following the passage of the Treasury Laws Amendment (Tax Reform No. 1) Bill 2026, major reforms to both negative gearing and capital gains tax (CGT) are now legislated and will progressively take effect from 1 July 2027.

When most people think about passing on wealth, they picture a simple process: build it up over a lifetime, then hand it down to the next generation. In reality, it can be far more complex - and getting it right can make a significant difference to your family’s long-term financial wellbeing.