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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.
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afr.com
‘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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‘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.
