Centrelink recipients avoid new capital gains tax
Centrelink recipients escape the new 30 per cent minimum capital gains tax on assets sold from July 2027.
From July 2027, capital gains will attract a new minimum 30 per cent tax. The rule targets people who sell assets gradually to keep gains below tax thresholds each year.
Centrelink recipients who receive support during that financial year skip the 30 per cent minimum. Eligible payments are Jobseeker, disability support pension, carer payment and aged pension.
You'll still pay tax on the gain at your normal marginal rate, but won't face the minimum floor. This creates a tax break for income support recipients.
- 30 per cent
- Minimum tax rate
- July 2027
- Start date
Why it mattersIf you're planning to sell shares or property and receive Centrelink support, you can avoid an extra tax burden.
AustraliaAustralian investors on Centrelink have a significant tax advantage when selling assets from July 2027 onward.
Corroborated by7news.com.au
