Mark from Wilson Pateras explains Labors proposed changes to Taxing of Trusts. If you would like further information contact us on 03 8419 9800 or visit wilsonpateras.com.au.
Changes to Trusts
- A minimum tax rate of 30% to all distributions from discretionary trusts to beneficiaries over 18 years old
- The higher of the beneficiaries marginal tax rate and the 30% tax rate will apply