Jim Chalmers had little option but to make another change to Labor’s investment tax concessions overhaul contained in the May budget.The treasurer has this time been forced to alter the tax rules regarding discretionary trusts and give small businesses a pathway to an exemption from paying the minimum 30 per cent impost on distributions, due to start on July 1, 2028.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Will Chalmers’ change on trusts save SMEs from a tax hit?
Whether the exemption regime proves truly effective will depend on whether small businesses can avoid the shell game of paying one tax to avoid double taxation.
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