Topic
family-trusts
2 stories related to this topic, newest first.
The Sydney Morning Heraldworld9 days ago
Australian Tax Changes to Affect Family Trusts and Property Owners
New tax rules will impose a 30 per cent flat rate on family trust distributions starting in two years. Property owners face capital gains tax on transfers but not on inheritances. Negative gearing deductions will be deferred rather than eliminated.
The Sydney Morning Heraldbusiness15 days agoDeveloping
Australia to Impose 30 Percent Minimum Tax on Trust Income From 2028
The federal government announced a 30 percent minimum tax on trusts' taxable income starting July 2028, replacing the current system that allows income splitting among beneficiaries. The change affects more than 840,000 family trusts, with about 90 percent of private trust wealth…