Businesses set to fork out in upcoming trust tax change

Businesses set to fork out in upcoming trust tax change

A federal minister has admitted there will be a cost to pay for business owners in adjusting to rules taxing discretionary trusts.

Federal trust tax changes threaten housing projects and could worsen Australia’s housing shortage

Australia’s housing shortage is already serious, construction costs remain elevated, finance is expensive and too many proposed developments struggle to stack up financially. Now the Federal Government’s proposed changes to the taxation of discretionary trusts are creating another potential obstacle for the small and medium-sized developers responsible for delivering much of Australia’s new housing. New...

The government wants trusts to pay a minimum 30% tax. What’s behind the changes?

These concerns, if not addressed, may create a short-term win for accountants and state governments from...