Updated Sep 3, 2026 – 4.04pm, first published at 5.00amThe formation of new discretionary trusts has plunged since budget night, with a leading trust documentation provider revealing a 70 per cent fall in July and August.The plunge on Hub24’s NowInfinity legal document creation platform was mirrored at other groups that advise on the formation of discretionary trusts. Accountant William Buck noted a 66 per cent slide since budget night, and Smats Group said it had fallen 50 per cent in the first two months of the financial year.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
‘Grinding halt’: Family trust formation smashed by new tax
New data reveals discretionary trust establishments plummeted 70 per cent after the budget proposed a 30 per cent tax on distributions.
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