Jun 5, 2026 – 1.11pmThe Albanese government’s planned minimum 30 per cent tax on capital gains and discretionary trusts is set to slash donations to tens of thousands of charities and other not-for-profit groups, such as The Salvation Army, Foodbank Australia and St Vincent de Paul Society.Tax experts and philanthropy advisers have been shocked to discover that the capital gains tax legislation rushed into parliament this week will inadvertently hit philanthropy.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Labor’s 30pc tax on capital gains and trusts deals a blow to charities
Tax experts and philanthropy advisers have been shocked to discover that the CGT legislation rushed into parliament this week will inadvertently hit charities.
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