Division 296 Tax: The Bill Has Passed – What Accountants Must Know Before 1 July Webinar - April 2026 (1 Hour of CPD)

The government released draft legislation into Division 296 tax last December and on 11th February they finally introduced the bill to Parliament.  The Explanatory Memorandum (‘EM’) to the draft Bill was around 60 pages with the EM for the Bill as presented closer to 150 pages.

In this session, Peter will go through the full details of the new Division 296 tax as proposed in the Bill. With the commencement date being 1 July it is essential that accountants understand and plan for the 1 July start date because many clients will need to take action prior to 1 July.

This webinar covered:

• What is the Division 296 Tax
  
• Who pays it and when?
  
• The new thresholds & rates
  
• The way to calculate the tax under the new rules
  
• When is the best time to sell assets to get under the caps
  
• Case studies