Labor’s Tax Changes Video PART 1/5 – Changes to Taxing of Trusts

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