Trusts offered tax exemption to avoid restructure costs

Small business trusts get stamp duty escape hatch in Chalmers’ latest tax tweak

This is the third round of changes to the budget tax reforms, following alterations to ensure widows were not left with large capital gains tax bills or denied negative gearing incentives.

Jim Chalmers delivers exemption to huge tax change

The proposed tax changes are expected to affect hundreds of thousands of discretionary trusts.

Trusts offered tax exemption to avoid restructure costs

Businesses will be able to avoid restructuring and paying costly stamp duties in response to a new tax on discretionary trusts, Treasurer Jim Chalmers says.

‘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, under a new option that spares them from having to restructure.

Government offers small businesses a trust tax workaround

Those with discretionary trusts can be exempt from the new minimum 30 per cent tax if they agree to hold their trust distributions constant.