Quantcast
au iconAU

 

 

Trust changes to hit tax-minimising business owners: expert

Small businesses have expressed concern about the Opposition's plan to tax payments from trusts at a minimum rate of 30 per cent, but experts are of the view only tax minimisers will likely be affected.

Trust changes to hit tax-minimising business owners: expert
smsfadviser logo

Under the proposal, announced by Bill Shorten at the New South Wales state Labor conference on Sunday, distributions from most so-called discretionary trusts will be taxed at a minimum rate of 30 per cent.

Read the full article on ABC Online.

Subscribe to Public Accountant

Receive the latest news, opinion and features directly to your inbox