7 News – Business
·business
·18 hours ago
850,000 trusts to be hit by new tax changes as Treasurer rejects
Thousands of deceased estates across Australia are effectively frozen amid confusion over Labor’s proposed trust tax overhaul . The proposed changes, announced in last week’s federal budget, would impose a new minimum 30 per cent tax rate on discretionary trust distributions, impacting an estimated 850,000 trusts nationwide.
Summary by Glance · 7 News – Business
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