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Hold fire on family trusts planning, practitioners told

Practitioners should hold off on applying any tax cuts in relation to family trusts until the dust from the “standoff” between the ATO and the government has settled, warns the IPA.

Hold fire on family trusts planning, practitioners told
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Following a draft ruling from the ATO stating that the government’s tax cut for small businesses would also apply to passive investment companies and corporate beneficiaries of family trusts, Minister for Revenue and Financial Services Kelly O’Dwyer clarified this was not the intention of the government’s policy decision.

Read the full article on SMSF Adviser.

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