‘Tax grab’: End to income splitting via trusts with 30pc minimum rate

‘Tax grab’: End to income splitting via trusts with 30pc minimum rate

The minimum tax rate rips a key tool of wealth building used by millions of richer Australians and has a particular sting for so-called bucket companies.

ATO is coming for income splitting - Medical Republic

Here’s what happens if you are caught, and the one structure that still works.

"Blunt force" disruption to small businesses through 30% trust tax

In his 2026 budget, Treasurer Jim Chalmers revealed plans to overhaul the tax treatment of discretionary trusts, a model used by some 350,000 SMEs nationwide. The post “Blunt force” disruption to small businesses through 30% trust tax appeared first on SmartCompany.

Budget 2026–27: Changes for investors, business owners and discretionary trusts

Australia’s tax landscape has been redrawn by this year’s Federal Budget, according to analysis published by The Tax Institute. The […] Subscribe or Login to see the rest of the content. The post Budget 2026–27: Changes for investors, business owners and discretionary trusts appeared first on Bundaberg Today.

Minimum 30% tax for discretionary trusts

Discretionary trusts have been slapped with a 30% minimum tax amid a slew of "fairer tax arrangements" reforms in the 2026-27 Budget to address intergenerational inequity. From 1 July 2028, Treasurer Jim Chalmers proposes to introduce the new tax that will be paid by trustees given they control distributions. Beneficiaries will still need to declare the income in their tax returns. Beneficiaries, other than corporate beneficiaries, will receive …