In recent years there has been much debate about the effectiveness and fairness of Australia’s current rules for taxing discretionary trusts. These trusts are very popular and are widely used for holding investments, conducting businesses and succession planning. However, a recent ATOcommissioned study that highlights several problems with trust taxation rules, together with changes proposed by Labor ahead of the upcoming federal election suggest that trust tax reform may finally become a reality.
Click to read our article: Reforming the taxation of discretionary trusts (4.69MB PDF)