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News
NSW's Trust Tax Strategy Praised, Urged for Adoption
2+ day, 7+ hour ago (266+ words) "We welcome the constructive approach to trust taxation issues flagged by NSW Treasurer Daniel Mookhey, and urge the other states to work cooperatively to resolve a complex federalism problem," said Innes Willox, Chief Executive of the national employer association, Australian…...
Trusts should focus on legacy income more - TFN
2+ day, 19+ hour ago (510+ words) Half of Scotland's legacy income goes to just 50 charities Development trusts across Scotland are being urged to tap into the growing potential of gifts left in wills. It comes as new research is highlighting a largely untapped source of income…...
How Labor's 30pc trust tax grab could derail the farm family succession plan
3+ day, 4+ hour ago (128+ words) Farm Weekly How Labor's 30pc trust tax grab could derail the farm family succession plan The challenge of drawing up farm succession plans seems doomed to get even harder if families take the bait offered by the Albanese government as it…...
Tax Reforms: What???s Changing for CGT, Negative Gearing and Trusts
3+ day, 2+ hour ago (188+ words) Written by Chris Balalovski Reviewed by Stipe Vuleta Importantly, none of the measures should be viewed in isolation. While CGT reform, negative gearing changes and the proposed minimum tax on discretionary trusts each raise distinct considerations, these measures are frequently…...
No ‘windfall gain’ from trust tax changes: Mookhey
3+ day, 12+ min ago (95+ words) AFR NSW Treasurer Daniel Mookhey says the state’s revenue office is examining whether trusts will be exempt from stamp duty after federal tax changes announced by federal Treasurer Jim Chalmers, but he reassured small businesses he is not looking to…...
Minimum tax on trusts another masterclass in inept tax reform
4+ day, 1+ hour ago (788+ words) Matthew Burgess, director, View Legal In what has been the pattern with all legislation since the May announcements, the new rules: Subject to the detailed review the dense new provisions mandate, seven headline issues taxpayers and their advisers will need…...
Trust firms should pay into wealth fund — Skelton Cline
3+ day, 21+ hour ago (386+ words) Political commentator Claude Skelton Cline has called for trust companies and marine businesses operating in the BVI to pay into a sovereign wealth fund intended to finance infrastructure, education and other long-term development needs. Speaking on his Honestly Speaking programme,…...
Trustees face legal risk in new tax regime
3+ day, 21+ hour ago (72+ words) AFR Trustees risk breaching their legal obligations to beneficiaries and will find it almost impossible to distribute income to current or unborn children under the federal government’s trust tax overhaul. Lawyers and accountants said that despite the Albanese government’s efforts…...
A misunderstanding at the heart of the seven-year gifting rule... | Money newsletter
5+ day, 2+ hour ago (167+ words) Tuesday, 8 September 2026 07:42 In this week's Money newsletter: A misunderstanding at the heart of the seven-year gifting rule. Plus: "My accountant made an error and I've been left with a £9,000 bill - who pays?" So join our growing Money community - and thanks…...
New trust tax exemption: A ‘family law dispute’ risk
5+ day, 15+ hour ago (514+ words) Tax experts have warned the federal government’s draft trust legislation risks locking farmers into decisions that could trigger intergenerational family disputes. Tax experts have warned the federal government’s draft tax legislation runs the risk of causing “intergenerational farming disputes” and…...