Overview

Tax specialists have uncovered a sleeper clause in the federal budget legislation that will inflate tax bills by stripping investors of the right to cherry-pick how they offset capital losses against gains.

The provision forces investors to exhaust their oldest capital gains first before offsetting newer ones, upending tax orthodoxy in what has been described as a deliberate attempt to raise more revenue.

Source: https://www.afr.com/wealth/personal-finance/new-budget-twist-denies-investors-choice-on-cgt-offsets-20260603-p603lq