How long until tax hikes hit

The tax hikes announced on budget day won't happen until the following dates

*Any existing properties bought from Wednesday May 13, 2026 can only be negatively geared until July 1 next year. Landlords can continue to negatively gear properties and any investment property bought before May 12, 2026.
**Those who buy new homes can choose between applying the 50 per cent capital gains tax discount or the CPI calculation, which has a floor of a 30 per cent tax rate. Investment properties purchased before the May budget will have the new tax arrangement applied after July 1 next year.
^Small businesses that want to restructure out of discretionary trusts will be given three years of assistance from July 2027.