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Some trusts will still be caught after ‘death tax’ backflip
Labor has largely walked back the measure, but some trusts will still be hit with a 30 per cent tax.
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smh.com.au
Albanese winds back tax hikes for small businesses and trusts
Labor’s contentious tax hikes on capital gains and trusts have been wound back, following a sustained attack on the measures and drops in the polls.
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afr.com
No ‘death tax’: Families win reprieve in Labor backflip on trusts
The change means that a whole class of trusts will be exempt from the proposed 30 per cent minimum tax rate in a win for the beneficiaries of inherited wealth.
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Some trusts will still be caught after ‘death tax’ backflip
Labor has largely walked back the measure, but some trusts will still be hit with a 30 per cent tax.