June 01, 2026

Luke on 2CC – Budget Tax Changes: What does it mean for you?

19 minutes

Financial Planner Luke Smith joined 2CC Talking Canberra in Money Matters, that aired live on Friday 29 May 2026. The topic is: Tax Budget changes – What does it mean for your situation? As promised in previous episodes, Luke is joined by Rhys Kyburz to talk about tax matters. Rhys is a Partner and Accountant at RSM Australia in Canberra. They specialise in tax and accounting matters, and Rhys is ideally placed to provide tax and accounting advice.

Thank you for joining us live on 2CC, YouTube, Spotify or your favourite podcast streaming service for ‘The Strategy Stacker – Luke Talks Money’.

Key topics covered include:

The changes are proposed at this stage, not yet law.

Understanding how the changes will affect you is essential BEFORE you make important decisions.

Will the changes actually help young people to own to own a home?

What are the issues for existing investment property owners? The good news is you can still negatively gear these investments.

What are the issues for people who own shares and other assets outside of super? The new rules will apply to you too.

What are the issues for people with trusts? There might be a move to company structures.

Testamentary trusts are also caught up in the budget proposals. The government may not proceed with this, it’s deeply unpopular as it affects minors. It affects your estate planning and your Will if you have one included within it.

Capital Gains Tax rates – how would it work going forward? While there is an opportunity to change structures to avoid negative outcomes, stamp duty may still apply to real estate during the transfer if it’s charged by your state or territory government.

Luke shares his thoughts on these changes and what should you do.

https://www.envisionfinancial.com.au/wp-content/uploads/2026/06/The-Strategy-Stacker-Luke-Talks-Money-29052026.mp3

Our podcast is also available on Apple Podcasts, Spotify and YouTube – ‘The Strategy Stacker – Luke Talks Money’

Are you going to need advice to manage the budget and tax changes once they become law?

The proposed budget tax changes aren’t law yet, but they are causing concern in some quarters, especially those with investments including rental property. Make sure you understand the facts before making important decisions and seek advice if you need help to understand your options.

Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals, including investment, super and retirement (including transition to retirement). Simply make an appointment to confidentially discuss your goals. Call Envision Financial Services on 6260 4749. You can use the contact us form to make an appointment, for a confidential discussion about your own goals and situation.

You can also reach out to Rhys Kyburz at RSM Australia on 6217 0300 for your tax and accounting advice questions and needs.

Luke will return to 2CC to talk about other ‘Money Matters’ next week, we hope you can join us. You can also catch up with ‘The Strategy Stacker – Luke Talks Money’ podcast at a time that suits you.

We look forward to your company again. Luke’s book Smart Money Strategy is out now.

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