And so they should be.
As a former tax practitioner, many years ago, I was well aware of the schemes that were available to high net worth people to minimize their tax liability or indeed to avoid it entirely.
Exactly the same arrangements have been and are available, mainly via family trusts, for elderly wealthy people to qualify for government funded or subsidised aged care, to which they would otherwise not be entitled.
So quite correctly the government has said today it will seek to make sure that people who can contribute to the costs of their care will be made to do so.
I wish them well but really it's easier said than done.
- Forums
- Political Debate
- Age Care changes coming
And so they should be.As a former tax practitioner, many years...
-
- There are more pages in this discussion • 45 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit
Featured News
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin