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Chalmers’ trust changes preserve the bucket company
Trusts can avoid the 30 per cent minimum tax and continue to split income to bucket companies and low-tax-rate individuals. But there’s less flexibility.
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afr.com
‘No need to restructure’: Chalmers offers concessions on new trust tax
Trustees can avoid paying the new minimum 30 per cent tax on discretionary trusts as well as stamp duty, following pressure from business.
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smh.com.au
Small business trusts get stamp duty escape hatch in Chalmers’ latest tax tweak
This is the third round of changes to the budget tax reforms, following alterations to ensure widows were not left with large capital gains tax bills or denied negative gearing…
