CGT Reform for ASX Share Investors: How the 1 July 2027 Changes Apply to Stocks

General information only. This is not tax or financial advice. CGT treatment depends on your specific parcels, holding dates, broker records and tax residency. Consult a registered tax agent before acting on anything in this article.

Budget 2026 retired the 50% capital gains tax discount that has applied to individuals, trusts and partnerships since 1999. From 1 July 2027, gains accruing after that date will be taxed under two new rules: cost base indexation by CPI plus a 30% minimum tax on the real gain.

The short version: Bought your shares before 1 July 2027 and selling after? The ATO splits your gain — the old half keeps the 50% discount, the new half gets inflation-adjusted but pays at least 30%.

For ASX share investors who buy and hold direct stocks for more than 12 months, the practical effects are sharper than the headline suggests. Which lot of shares you choose to sell becomes a tax-planning lever. Dividend reinvestment plan (DRP) holdings get sliced across the reform date. And long-term investors will need cleaner CHESS/broker records than they have ever kept.

This article walks through how the reform applies to listed shares specifically — what changes, what doesn’t, and four worked examples covering the most common situations.

Who’s affected: individual investors and family trusts holding ASX-listed shares for more than 12 months.

Companies are unaffected — corporate CGT has always been at the flat company rate with no 50% discount, so the reform doesn’t touch them. SMSFs in accumulation phase keep their existing two-thirds discount on >12-month gains (no change), and pension-phase SMSF income remains tax-exempt.

Timeline — when each change hits your share portfolio

The reform is fundamentally time-driven — which side of 1 July 2027 each parcel lands on determines its tax treatment for the rest of its life. Map the key dates against your own buy/sell plan before you act.

Date	What happens	What it means for you
12 May 2026	Budget 2026 announces the reform. Share prices may move on the news but there’s no legal effect yet.	Don’t dump parcels in a panic. The 50% discount still applies in full until 30 June 2027 — you have over a year to plan.
2026-27 income year (1 Jul 2026 – 30 Jun 2027)	Last full financial year where new disposals get the full 50% discount on the whole gain.	If you’re going to sell within a few years anyway, T+2 settlement means selling on-market by ~26 Jun 2027 captures the legacy regime.
30 June 2027 (Wednesday)	Last day for a settled disposal under the legacy 50% discount.	On-market ASX sales settle T+2 — sell by ~26 Jun 2027 at the latest. Off-market or specialised trades may have different settlement timings, so check with your broker.
1 July 2027	Reform start. Parcels acquired after this date are in Bucket C (pure new rules).	Anything you buy from this day forward will be taxed under indexation + 30% minimum when you eventually sell.
1 July 2027 onwards	Split-rules apply to existing parcels.	Every parcel you owned before this date and sell after gets day-based apportionment between Bucket B legacy and reform portions.
First DRP record after 1 July 2027	DRP statements need to flag parcel acquisition dates clearly.	Brokers and share registries will adjust statements to make Bucket A/B/C identification straightforward — but keep your own ledger as a backup.
First ESS vesting after 1 July 2027	ESS shares vesting after the reform date are in Bucket C.	Taxing-point date is the acquisition date for CGT. If your ESS plan vests post-reform, you’re under new rules from day one.
31 October 2028	First tax return capturing a reform-period share disposal.	Self-lodgers filing 2027-28 returns will be the first to apply the new rules; tax agents extend as normal.
1 July 2032	First 5-year Bucket B holding crystallises.	By this point, parcels held since 2027 will start being sold; split-treatment math compounds with every year past 1 July 2027.

How time changes your tax bill

Share investors face a different timing equation than property holders. Most ASX share investors either: (a) hold 12+ months for the discount and exit when they feel like it, or (b) hold long-term for compounding — think iron-ore majors, big-four banks, ASX 200 broad-index plays. The reform changes the math for both.

Holding period split across 1 July 2027

For Bucket B parcels (bought before reform, sold after), legacy share = days held before 1 July 2027 ÷ total days held. Worked on a $50,000 nominal gain:

Bought	Sold	Years held	Legacy share	Reform share	Comment
1 Jul 2025	1 Jul 2028	3 yrs	66.7%	33.3%	Short hold, mostly legacy
1 Jul 2025	1 Jul 2031	6 yrs	33.3%	66.7%	Reform dominates fast
1 Jul 2018	1 Jul 2028	10 yrs	90.0%	10.0%	Long pre-reform hold
1 Jul 2018	1 Jul 2034	16 yrs	56.3%	43.7%	Even 16-yr hold shifts

Plain-English: holding period determines whether reform or legacy rules dominate. The faster you sell after 1 July 2027, the more of the gain rides on legacy rules — UNLESS you bought close to the reform date.

Indexation by years past reform (at 2.5%/yr CPI)

For the reform portion, your cost base gets uplifted by CPI. Time is your friend on slow-growth shares, neutral on fast-growth:

Years past 1 Jul 2027	Cost base uplift	Effective for what
1 yr	2.5%	Negligible — short-trade reform-portion fully taxed
3 yrs	7.7%	Meaningful only on low-yield shares
5 yrs	13.1%	Sheltering ~13% of nominal gain
10 yrs	28.0%	Large effect on bank/utility shares (defensive yielders)
15 yrs	44.8%	High-growth shares still mostly taxable; low-yield mostly sheltered

Share growth-rate sensitivity — three scenarios

Sample on a $40,000 nominal gain over a 10-year hold (5 years pre-reform + 5 years post-reform), 39% marginal rate (37% MTR + 2% Medicare):

Scenario	Share type	Annual nominal growth	Old-rules tax	New-rules tax	Diff
Growth tech	CSL, REA, NXT	~11%/yr	$7,800	~$8,950	+15%
Bank/utility	CBA, NAB, AGL	~6%/yr (incl. DRP)	$7,800	~$7,200	−8%
Resources	BHP, RIO (cyclical)	~5%/yr average	$7,800	~$6,800	−13%

Plain-English: defensive and cyclical shares with moderate nominal growth tend to come out NEUTRAL or slightly better under the new rules — indexation eats most of the nominal gain. High-growth tech and small-caps get HIT — the indexation offset is small relative to nominal returns.

Specific to shares — high parcel churn amplifies timing pain

ASX investors using dividend reinvestment plans typically have 10–30 separate parcels per share line. Each parcel has its own buy-date and lands in its own bucket (A, B, or C). A 15-year DRP holder of CBA might have parcels acquired 2010–2026 (Bucket B, with varying legacy shares) AND parcels acquired 2027–2034 (Bucket C). Selling all in one go in 2034 means the broker or tax software must apportion EACH parcel individually. The longer you hold, the more parcel layers compound the complexity.

Specific to shares — capital losses matter MORE under reform

Old rules: a $10k loss offsets $10k of nominal gain → with the 50% discount, the loss saves you 50% × MTR.

Under reform: a $10k loss still offsets $10k of nominal gain — but since the post-reform gain no longer gets the 50% discount, the loss saves you 100% × max(MTR, 30%).

Losses become more valuable post-reform. Implication: harvesting losses in 2026-27 to lock them in against pre-reform gains is wasteful. Banking them for reform-era gains is more efficient — every dollar of loss offsets a dollar of fully-taxed reform gain, not a half-taxed legacy gain.

Bottom-line summary for share investors

• Long-held shares (10+ years pre-reform), selling within 5 years after 2027: legacy dominates, reform impact small.
• Recent purchases (2024–2026), selling 2032–2034: reform dominates, high-growth tech shares pay most.
• Buy-and-hold post-2027 broad-index portfolio: indexation may shelter much of the gain over a 15+ year hold.
• Active DRP holders: parcel-by-parcel apportionment makes manual calculation impractical — tax software essential.

The three-bucket transition applied to shares

Treasury structures the transition into three buckets. For ASX shares, parcel acquisition date and disposal date together determine which bucket each parcel falls into.

Bucket	Parcel acquired	Parcel disposed	CGT treatment
A	Before 1 Jul 2027	Before 1 Jul 2027	50% discount — no change.
B	Before 1 Jul 2027	On/after 1 Jul 2027	Split treatment. Pre-1 Jul 2027 portion of the gain gets the 50% discount; post-1 Jul 2027 portion is indexed and subject to the 30% minimum.
C	On/after 1 Jul 2027	On/after 1 Jul 2027	Wholly new rules. Cost base indexation across the full holding period + 30% minimum tax on the real gain.

The 12-month holding rule carries over from current law in all three buckets. Selling inside 12 months still strips you of any discount or split treatment and taxes the full nominal gain at marginal rates.

For Bucket B, the ATO splits your gain based on how many days you held the shares before vs after 1 July 2027 — legacy share = days held before 1 July 2027 ÷ total days held. The reform engine that powers our CGT calculator implements this split in calculateCgtReform().

Which lot of shares you sell matters more than ever

CHESS-sponsored holdings and broker custody both track shares as discrete lots — also called parcels — with their own buy-dates and cost bases. When you sell, you pick which lots are being disposed of. The ATO accepts FIFO (first-in-first-out — sell oldest first), LIFO (last-in-first-out — sell newest first), or specific identification (you nominate which lots to sell), as long as you apply the method consistently and your records support the match.

Before reform, the choice of which lot to sell mainly affected the size of the gain — older lots usually have a lower cost base, which means a bigger gain, but the 50% discount cushions it. After reform, the choice also drives which bucket each sold lot falls into.

Consider an investor holding two lots of the same stock:

• Lot #1: 200 BHP bought 1 March 2020 at $30 (cost base $6,000).
• Lot #2: 200 BHP bought 1 March 2028 at $48 (cost base $9,600).

On 1 June 2032 BHP is trading at $60. The investor wants to sell 200 shares for $12,000 to fund a deposit.

• Sell Lot #1 (FIFO — oldest first): $12,000 − $6,000 = $6,000 nominal gain, mostly Bucket B (~7.3 years pre-reform out of ~12.3 total, so ~60% legacy). Big gain, but a hefty slice still rides the 50% discount.
• Sell Lot #2 (LIFO / specific identification — newest first): $12,000 − $9,600 = $2,400 nominal gain, fully Bucket C (indexed + 30% minimum). Smaller gain, but every dollar is taxed under reform rules.

Neither is universally better — it depends on your marginal rate, CPI assumptions, and whether you have capital losses to harvest elsewhere. The point is that the choice now has more tax dimensions than it used to. Modelling both options in the CGT calculator before clicking sell on your broker is a habit worth forming from 1 July 2027.

Worked example 1: Anna’s NAB shares — last train to the old rules (Bucket A)

Anna is a marketing manager on a 37% marginal rate (excluding Medicare). On 3 March 2022 she bought 1,000 NAB shares at $32.50 per share, paying $25 in brokerage. Her cost base is $32,525.

On 28 June 2027 — two trading days before the reform date — she sells the entire holding at $44 per share for proceeds of $44,000, less $30 brokerage = $43,970.

Nominal capital gain: $43,970 − $32,525 = $11,445.

Both the buy and the sell happen before 1 July 2027, so this is pure Bucket A. The 50% CGT discount applies in full, with no apportionment and no 30% minimum:

Item	Amount
Nominal gain	$11,445
Less 50% CGT discount	−$5,723
Taxable	$5,722
Tax at 37% MTR	$2,117

What this means for you: Anna’s after-tax proceeds are $43,970 − $2,117 = $41,853. If she had waited until, say, 5 July 2027 to sell (just one week later), she would have crossed into Bucket B — most of the gain would still get the 50% discount because she held the shares mostly before reform, but a small post-reform sliver would be indexed and subject to the 30% minimum, adding modestly to her bill. The 1 July 2027 line is exact: settlement date matters. If you intend to sell late in the 2026-27 financial year, factor in T+2 settlement so the contract clears before the cutover.

Worked example 2: Tom’s CBA shares — straddling the line (Bucket B split treatment)

Tom is a senior software engineer on a 45% marginal rate (excluding Medicare). On 15 August 2017 he bought 500 CBA shares at $82.50 per share, paying $30 in brokerage. His cost base is $41,280.

On 20 September 2029 he sells all 500 shares at $145 per share for proceeds of $72,500, less $35 brokerage = $72,465.

Nominal capital gain: $72,465 − $41,280 = $31,185.

The parcel was bought before 1 July 2027 and sold after — pure Bucket B, split treatment applies.

Apportionment

Span	Days
15 Aug 2017 → 1 Jul 2027 (pre-reform)	3,608
15 Aug 2017 → 20 Sep 2029 (total hold)	4,419
Legacy share	3,608 / 4,419 ≈ 81.6%

So $25,447 of the gain falls in the legacy bucket and $5,738 falls in the reform bucket.

Legacy portion (pre-1 Jul 2027 gain — 50% discount)

Item	Amount
Legacy gain	$25,447
Less 50% CGT discount	−$12,724
Taxable	$12,724
Tax at 45% MTR	$5,725

Reform portion (post-1 Jul 2027 gain — indexation + 30% min)

CPI assumption: ~2.5% per year for 2.3 years between 1 Jul 2027 and 20 Sep 2029 ≈ 5.8% cumulative inflation. cpiRatio ≈ 1.058.

Item	Amount
Reform gain (nominal)	$5,738
Less indexation adjustment ($5,738 × (1 − 1/1.058))	−$315
Real reform gain	$5,423
Effective rate (max of 45% marginal, 30% minimum)	45%
Tax on reform portion	$2,440

Total

Item	Amount
Legacy tax	$5,725
Reform tax	$2,440
Total CGT (new rules)	$8,165
Total under pure old rules ($31,185 × 50% × 45%)	$7,017
Extra tax from reform	~$1,150 (about 16% more)

What this means for you: Tom’s extra tax bill from the reform is ~$1,150 — modest, because he held the shares for nearly a decade before the rule change. As the years roll on past 2027, anyone selling a long-held parcel will see the post-reform sliver of the apportionment grow. By 2035, a parcel bought in 2017 will be roughly 50/50 pre/post-reform; by 2045, it’s mostly post-reform. The CGT calculator reproduces these numbers exactly using the same calculateCgtReform() engine.

Worked example 3: Liam’s BHP shares — fully under new rules (Bucket C)

Liam is a graduate engineer who started investing after the reform. On 12 August 2028 he buys 200 BHP shares at $46 per share, paying $15 in brokerage. His cost base is $9,215.

On 20 May 2034 — nearly 6 years later — Liam sells all 200 shares at $72 per share for proceeds of $14,400, less $20 brokerage = $14,380. By 2034 he has progressed in his career and is on the 37% marginal rate (excluding Medicare).

Both buy and sell happen after 1 July 2027, so this is pure Bucket C — no legacy portion, no 50% discount, full new rules.

Step 1: Nominal capital gain.

$14,380 − $9,215 = $5,165 nominal gain.

Step 2: Apply cost base indexation.

Assume CPI ran at roughly 2.5% per year over the 5.77-year holding period. Cumulative inflation:

Item	Calculation	Result
CPI ratio	(1.025) ^ 5.77	≈ 1.151
Indexed cost base	$9,215 × 1.151	$10,607
Real gain	$14,380 − $10,607	$3,773

Indexation has stripped about $1,392 of pure inflation out of the gain. That’s the whole point of the reform — tax the real, inflation-adjusted profit rather than the nominal headline number.

Step 3: Apply the 30% minimum tax check.

Liam’s marginal rate (37%) is higher than the 30% minimum, so the minimum doesn’t bind — he pays at his marginal rate on the real gain:

Item	Amount
Real gain (after indexation)	$3,773
Effective rate (max of 37% MTR, 30% min)	37%
Tax on the gain	$1,396

Compare against the old 50% discount system (had it survived): $5,165 × 50% × 37% = $956. The reform costs Liam about $440 more — roughly 46% extra tax — on this single trade.

What this means for you: for shares bought after 1 July 2027, there is no 50% discount cushion at all. Indexation softens the blow when inflation is high, but the headline tax bill on real growth is materially higher than the old system. Long-term hold-for-discount strategies need to be re-evaluated; the after-tax compounding maths has shifted.

Worked example 4: Priya — low-income holder and the 30% minimum

The 30% minimum is the part of the reform that hurts low-income investors the most.

Consider Priya, a part-time worker on a $40,000 income — her marginal tax rate is around 16%, and with the 2% Medicare levy her effective rate on ordinary income sits at about 18%. She inherited a small CBA parcel from her grandmother in June 2019 and finally decides to sell it in August 2030 to fund a car deposit.

Cost base (market value at her grandmother’s death, plus brokerage): $8,000. Sale proceeds: $14,000. Nominal gain: $6,000.

This is a Bucket B parcel (bought before reform, sold after). Apportionment based on days held:

• Pre-1 Jul 2027 portion: roughly 8 years out of 11.2 total = ~72% legacy, so $4,320.
• Post-1 Jul 2027 portion: ~28% reform, so $1,680.

Legacy half (50% discount applies at her 18% effective rate): $4,320 × 50% × 18% = $389.

Reform half (indexation + 30% minimum):

Item	Amount
Reform gain (nominal)	$1,680
CPI ratio over 3.1 yrs at ~2.5%/yr	1.079
Less indexation (~$1,680 × (1 − 1/1.079))	−$123
Real reform gain	$1,557
Priya’s marginal rate (18%)	below 30% min
Effective rate applied	30% minimum
Tax on reform portion	$467

Total CGT: $389 + $467 = $856.

Compare to a counterfactual where the 30% minimum did NOT exist and Priya just paid her 18% marginal on the indexed real reform gain: $1,557 × 18% = $280. The 30% minimum ratchets her tax up by about $187 on this small parcel.

What this means for you: if your marginal rate is below 30% (part-time workers, retirees on the age pension, full-time students with casual income, parents on parental leave), every dollar of post-1 July 2027 reform gain is taxed at 30% — not at your normal marginal rate. The minimum binds in your case. It doesn’t apply to legacy (pre-reform) gain — the 50% discount still works as before — only to the reform portion. This makes timing of disposals more important than ever for low-income holders: a parcel sold in a “low-income year” before 1 July 2027 escapes the minimum entirely.

DRPs: many small lots straddling 1 July 2027

Dividend reinvestment plans (DRPs) create a fresh lot of shares every time a dividend is reinvested — typically twice a year for ordinary CBA/BHP/NAB/Woolworths-style stocks, sometimes quarterly. An investor with a 20-year DRP history could be sitting on 40+ lots per stock, each with its own buy-date and per-share cost base derived from the DRP reinvestment price on that date.

Heads up — DRPs are messy: Every dividend reinvestment is a separate purchase with its own buy-date. If you’ve DRP’d for 10 years, you have 10+ separate parcels — and the ATO has to work out which ones are in Bucket A, B, or C.

Two practical implications:

1. The 1 July 2027 line cuts through DRP histories. Every DRP lot issued before that date is a Bucket A or B lot; every lot issued after is Bucket C. When you eventually sell, each lot needs its own gain calculation, with its own buy-date driving the split.
2. Broker and share-registry record quality matters more than ever. CHESS-sponsored brokers and the major share registries (Computershare, Link, Boardroom) all track DRP lot-level history, but the quality of CSV exports varies wildly. Download your full DRP transaction history now and store it offline — re-creating the data from scratch in 2035 if a registry changes hands or your broker goes bust is painful.

CHESS providers will likely enrich lot exports with a “pre/post 1 July 2027” flag once the legislation passes. Until then, keep your own ledger.

Off-market share buybacks

An off-market share buyback (when a company buys back its own shares directly from you rather than on the ASX) historically combines a fully franked dividend component with a small capital component. The ATO’s anti-avoidance rules around discounted-element buybacks remain in force under the reform.

• Franked dividend component: unchanged. Treated as ordinary dividend income, grossed up for franking credits, with refund/offset depending on the holder’s tax position.
• Capital component: falls under CGT and is subject to the reform rules from 1 July 2027. For shares held more than 12 months that the holder tenders into a post-1 July 2027 buyback, the capital portion will receive Bucket B split treatment (if originally bought pre-reform) or Bucket C treatment (if bought post-reform).

The economics of these buybacks for low-marginal-rate holders are largely unchanged — the franking-refund arbitrage is still the main driver. For high-marginal-rate holders, the capital-component leg is now taxed slightly less favourably than under the old 50% discount; modelling each buyback offer through the franking credits calculator and the CGT calculator becomes more important.

Employee share scheme (ESS) interaction

ESS interests — RSUs, options, performance rights, and SPP/ESPP shares — have a separate cost-base step-up at the date the shares become yours for tax purposes (the taxing point), when the assessable discount is taxed as ordinary income. After that date, the shares enter the normal CGT system with their cost base reset to market value as at the taxing-point date.

For CGT purposes under the reform:

• Acquisition date for indexation and bucket allocation is generally the taxing-point date (the date the shares become yours for tax purposes), not the original grant date.
• ESS shares whose taxing point falls before 1 July 2027 behave like any other pre-reform lot — Bucket A if sold by 30 June 2027, Bucket B if sold later.
• ESS shares whose taxing point falls on or after 1 July 2027 are pure Bucket C — fully indexed + 30% minimum on disposal.

The Share Purchase Plan (SPP) Tax Treatment article covers the underlying ESS mechanics in detail. If you have a deferred-scheme RSU vesting in 2028 or later, your eventual CGT bill on disposal will sit fully under reform rules.

Franking credits are unchanged

The Budget 2026 reform touches the capital gains side of share investing only. It does not change:

• Franking credit attachment on franked dividends.
• Refundability of excess franking credits for low-marginal-rate holders (retirees, SMSFs in pension phase, etc.).
• The 45-day holding rule for franking entitlements.
• The small shareholder exemption ($5,000 franking credits cap).

If your investing strategy was built around fully franked yield (banks, miners, supermarkets) rather than capital growth, the reform’s impact on you is muted — your dividend stream keeps its existing franking treatment. But hold-to-discount strategies that explicitly relied on the 50% CGT discount to convert growth into half-rate income should be re-modelled. The break-even hold period and required after-tax return both shift under indexation + 30% minimum.

Loss harvesting before 30 June 2027

Capital losses still offset capital gains under both old and new rules, and losses still carry forward indefinitely until used. But the 2026-27 financial year is the last full year in which a realised gain receives the unbroken 50% discount.

Two harvesting moves worth considering before 30 June 2027:

1. Realise gains on >12-month parcels you would have sold soon anyway to lock in the 50% discount on the entire gain — especially if you also have unrealised losses you can use to offset.
2. Realise embedded capital losses if you have a current-year gain or a strong expectation of future gains in 2027-28 onwards. Carried-forward losses are more valuable under the new rules, not less — they offset 100¢-on-the-dollar of nominal gain whether that gain is taxed at 50%-discounted or fully-indexed rates.

Don’t churn purely for tax outcomes. Brokerage, bid-ask spreads, and the wash-sale anti-avoidance rules in TR 2008/1 still apply. The CGT harvest calculator ranks loss-harvest candidates against unrealised gains.

Should you sell before 1 July 2027?

The honest answer for most long-term ASX investors: only if a sale makes sense regardless of tax.

Locking in the 50% discount on a stock you would otherwise hold for another 5–10 years means surrendering the after-tax compounding on that capital plus paying brokerage. Under reform, a typical 5%-real-return ASX parcel held 10 years still produces an effective tax rate well below the top marginal rate (~22–27% range depending on inflation path) — not as good as the old 50% discount, but not catastrophic either.

The sale is worth considering when:

• You were already planning to rebalance, retire, or fund a major purchase in the next 1–2 years.
• Your marginal rate in 2026-27 is materially lower than your expected 2030+ marginal rate (e.g. you’re taking parental leave in 2026-27).
• You have unused capital losses about to expire usefulness (they don’t expire, but the offset is most valuable against a 50%-discounted gain in 2026-27 vs an indexed gain later).

The sale is rarely worth it when:

• You’d be holding the same stock anyway and just resetting cost base to a higher number for no after-tax benefit.
• Brokerage, spread, and CGT bill exceed the marginal saving from the discount.
• You’re at the top bracket and the gain is large enough to push you into Division 293 / loss-of-LITO / private health rebate clawback territory.

Run both scenarios in the Sell This Year vs Next Year and Hold vs Sell tools before making the call.

Companies are not affected

A reminder that bears repeating: the reform applies to individuals, trusts, and partnerships only. Companies — including private investment companies (bucket companies, “Pty Ltd” share-trading entities) — have never received the 50% CGT discount and continue to pay company tax (currently 30% for base-rate-entity-failing companies, 25% for base-rate entities) on the full nominal gain.

For high-income individuals running personal share portfolios through bucket companies, the company-vs-trust-vs-individual structuring calculus barely changes: individual still wins on small gains via the 50% discount through 30 June 2027, then loses some ground from 1 July 2027 onwards. Trust distributions to a 25%-tax bucket company beneficiary remain a viable structure for after-tax compounding — but discuss with a tax agent because Division 7A, present-entitlement timing, and the trust streaming rules complicate it.

Calculators that handle ASX shares

• Capital Gains Tax Calculator — model individual parcel disposals across all three buckets, with full Budget 2026 reform engine integrated. Supports FIFO, LIFO and specific identification.
• CGT Harvest Calculator — rank a list of unrealised positions for loss-harvesting before 30 June 2027 or any future year-end.
• Franking Credits Calculator — work out gross-up, refundability, and net dividend yield. Useful when evaluating off-market buyback economics.
• Sell This Year vs Next Year and Hold vs Sell — scenario comparisons across financial years and reform/non-reform years.

Sources

• Treasury Budget Paper No. 2 (12 May 2026), Tax Reform — Boosting Home Ownership measure, p.21.
• Treasury fact sheet: Negative Gearing and Capital Gains Tax Reform (12 May 2026).
• 50% CGT Discount Reform: Cost Base Indexation + 30% Minimum Tax from 1 July 2027 — master article covering the full policy, valuation methods, exemptions, and Treasury cameos.

Related reading

• Share Purchase Plan (SPP) Tax Treatment — ESS taxing-point mechanics that determine your CGT acquisition date.
• Franking Credits Refund Rules — dividend side of share investing, unchanged by the reform.
• Budget 2026 Explained: Winners and Losers — full Budget breakdown.