Opinion

Money contributor October 25, 2026 — 5:01am

October 25, 2026 — 5:01am

I’ve had many questions from readers seeking clarification to a response I gave last week in relation to a person who was inheriting shares. There seems to be considerable confusion arising from conflicting commentary around the application of the minimum 30 per cent tax that will be introduced from next financial year.

The specifics of the new tax laws appear to be confusing many. AFR

This is the statement as published by Treasury on May 28, 2026: “In addition to indexation, a minimum tax rate of 30 per cent will apply to real capital gains accruing from July 1, 2027.” This statement makes it clear that the minimum 30 per cent tax does not apply to gains that accrued before the new rules take effect.

It’s also worth highlighting that those receiving the age pension, even a small part pension, are specifically exempt from the 30 per cent minimum capital gains tax on gains accruing post 1 July 2027.

In my response I mentioned…