Australia: lowest tax rate 15%, foreign ban on buying existing homes extended to 2029
From July 1, 2026 the lowest income tax rate fell from 16% to 15%. The ban on foreigners buying established homes is extended to June 30, 2029. From July 1, 2027 the 50% capital gains discount is replaced by indexing the purchase price to inflation with a minimum tax of 30%; the law has passed parliament.
What this changes in the calculation
The resident scale is 15 to 45% instead of 16 to 45%; gains after July 1, 2027 on an apartment bought before the reform follow the new rules.
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