Upcoming CGT and Discretionary Trust Changes: What Small Business Owners Need to Know The Federal Government has announced proposed changes to Capital Gains Tax (CGT) and discretionary trusts that may affect many Australian small businesses from 1 July 2027 and 1 July 2028. While the proposed reforms have attracted significant attention, many small business owners may be relieved to know that key small business tax concessions are expected to remain available. Small Business