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The Trust Debate... An ALP Win, page-29

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JonnoH

16,319 Posts.

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01/08/17

12:16

Post #: 26213136
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Originally posted by TheColonel ↑

If they close trusts they will operate using partnerships to hold the shares in businesses. It doesnt really matter. The good thing about investing and getting off your but and going into business is that anyone can do it. Oh the envy Jonno of being a sour faced lazy commie.

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They aren't closing trusts, just altering the income splitting tax benefits. They won't move to partnerships as it opens up a whole lot issues to do with asset protection and CGT discounts, succession/estate planning etc etc etc.
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