Australia's new 30% minimum capital gains tax sparks retirement planning scramble

From July 2027 Australia will introduce a minimum 30% tax on capital gains unless the taxpayer receives at least $1 of a Centrelink income‑support payment, such as the age pension or JobSeeker. The rule eliminates the current 50% CGT discount for many retirees and forces a reassessment of exit strategies for investment properties. Financial advisers recommend selling assets before 30 June 2027 to retain the full discount, while those approaching retirement are exploring ways to qualify for a $1 Centrelink payment to avoid the higher rate. To qualify, individuals must meet strict means‑test thresholds on assets and income, with limits of roughly $1.085 million for couples (excluding the family home) and lower limits for single homeowners. The tax change has prompted a surge of advice on timing property sales and navigating Centrelink eligibility.