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Tax Talks · Today · 1 hr 13 min

October Updates

October delivered another substantial month of tax developments, with new legislation, significant court decisions and further ATO guidance continuing to reshape the landscape for accountants and tax practitioners. In this episode of Tax Talks, Rajan Verma and Andrew Henshaw are joined by Aaron Fitchett, Managing Partner at Baumgarteners, to unpack the October 2026 developments and what they mean in practice. The discussion covers: the latest legislation on the CGT reforms and proposed 30% minimum tax for discretionary trusts; restructuring issues arising from the EET regime, rollover pathways and state duty; updates to the Innovative Business CGT Concession and R&D tax incentive; recent cases involving CGT timing, GST, FBT and Division 7A; Victoria’s vacant residential land tax holiday home exemption; recent High Court and ATO developments; and new draft guidance on when an individual is carrying on a business. A practical discussion of the reforms, cases and compliance issues advisers need to have on their radar.

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October delivered another substantial month of tax developments, with new legislation, significant court decisions and further ATO guidance continuing to reshape the landscape for accountants and tax practitioners.

In this episode of Tax Talks, Rajan Verma and Andrew Henshaw are joined by Aaron Fitchett, Managing Partner at Baumgarteners, to unpack the October 2026 developments and what they mean in practice.

The discussion covers:

  • the latest legislation on the CGT reforms and proposed 30% minimum tax for discretionary trusts;

  • restructuring issues arising from the EET regime, rollover pathways and state duty;

  • updates to the Innovative Business CGT Concession and R&D tax incentive;

  • recent cases involving CGT timing, GST, FBT and Division 7A;

  • Victoria’s vacant residential land tax holiday home exemption;

  • recent High Court and ATO developments; and

  • new draft guidance on when an individual is carrying on a business.

A practical discussion of the reforms, cases and compliance issues advisers need to have on their radar.

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