Key Tax Policies in the 2025 Federal Election

With the 2025 Federal Election approaching on May 3rd, tax policy has become a major focus in the political conversation. Each party’s approach to tax could significantly impact individuals, small businesses, and investors. Here’s a quick snapshot of what’s on the table:

ALP | Legislated personal income tax cuts, a 12-month extension of the $20k instant asset write-off, a $1,000 standard tax deduction for employees (from 1 July 2026), and a housing plan to support first home buyers with 5% deposits and 100,000 new homes.

Coalition | A plan to repeal the new income tax cuts, introduce a permanent $30k instant asset write-off, new deductions for tech upgrades and business meals, a first home mortgage interest deduction scheme, and removal of the EV FBT exemption.

The Greens | Proposals include removing negative gearing and CGT discounts, and introducing wealth and excess profit taxes.

We highly recommend reviewing the full summary PDF below to understand how these policies could affect your financial position. If you have any questions or want to plan ahead, we’re here to help.