The Commonwealth Government announced its intention to impose a minimum tax rate of 30% on the taxable income of discretionary trusts. Under the proposed rules:
The trustee of a discretionary trust will be subject to a minimum 30% rate of tax on the trust’s taxable income. Beneficiaries who receive distributions will continue to pay...Want to stay in touch with the latest updates from Long Saad Woodbridge Lawyers? That's easy! Just subscribe clicking the Follow button below, choose topics or keywords for filtering if you want to, and we send the news to your inbox, to your phone via push notifications or we put them on your personal page here on follow.it.
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Website title: Sydney Lawyers | Long Saad Woodbridge Law Firm