‘Unworkable’ trusts tax will hit housing supply, says property council

Jul 17, 2026 – 8.00pmThe property industry has criticised the government’s plan to levy a minimum 30 per cent tax on discretionary trusts, saying it will impose crippling restructuring costs on family-owned and middle-tier property developers, further slowing the construction of new homes.In a submission to the consultation process on trusts launched last week by Treasurer Jim Chalmers, the Property Council of Australia also bristles at the language employed by the government to justify the policy change, which was not taken to the election.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles