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Family trusts face high-stakes deadline to lock in heirs
Draft rules force trustees to choose between a 30 per cent minimum tax rate and locking in permanent beneficiary splits before June 2029.
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Timeline cronologica
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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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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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Family trusts face high-stakes deadline to lock in heirs
Draft rules force trustees to choose between a 30 per cent minimum tax rate and locking in permanent beneficiary splits before June 2029.