CGT reform timeline: what's law and what's still proposed
Where each part of the CGT reform is up to, from the enacted Tax Reform No. 1 Act to the IBCC bill and the trust changes.
· 1 min read · For all shareholders
The CGT reform is arriving in several pieces. Some are law, some are still bills. Here's where each one stands.
| When | What | Status |
|---|---|---|
| 2026 | Tax Reform No. 1 Act: indexation replaces the 50% discount for gains from 1 July 2027, a 30% minimum tax, and assets treated as sold and reacquired at 30 June 2027 | Law |
| 11 September 2026 | IBCC exposure draft released by Treasury | Happened |
| 27 October 2026 | Tax Reform No. 4 Bill (the IBCC) introduced to Parliament | Bill |
| Not yet registered | Draft apportioning formula for assets without a readily ascertainable market value | Draft |
| 1 July 2027 | Indexation and the minimum tax start to apply | Law |
| 1 July 2028 | Proposed discretionary trust minimum tax (Tax Reform No. 3) | Bill |
What could still change
The IBCC bill, the trust measures and the apportioning formula can all change before they're final. Areas to watch include the IBCC's activity tests, how common employee share terms are treated, and how the trust minimum tax interacts with bucket companies.
What this means for you
The core reform doesn't depend on any of the bills. Whatever happens to the IBCC, gains from 1 July 2027 are taxed under the new rules, so the value of what you hold on 30 June 2027 matters now.
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General information only, not tax advice. Measures may change as legislation progresses.