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‘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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‘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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Labor’s trust tax backdown explained: Pay, lock in or face penalties
Discretionary trusts will be allowed to bypass the 30 per cent tax minimum, but only if they lock in beneficiary splits permanently.