Australia's 2026 Budget locks in $20K write-off, hits Temu and Shein with safety rules
Chalmers makes the $20,000 instant asset write-off permanent and revives loss carry-back, easing cashflow for SME retailers. New product-safety obligations target offshore marketplaces Temu and Shein. The 50% CGT discount is replaced by a 30% minimum capital gains tax from 1 July 2027.
Australia's 2026 Budget delivers a permanent $20,000 instant asset write-off, loss carry-back scheme, and new product-safety obligations targeting offshore marketplaces like Temu and Shein, while replacing the 50% CGT discount from July 2027.