Hello all,
This is not financial advice, but just notification of possible upcoming changes, if you are not aware of them. The Labor Party in Australia now has a policy to tax distribution payments from discretionary/family trusts at 30%. This would include distributions to charitable organisations. We are considering moving a number of shares out of our Trust while they are worth less, so as to minimise CGT obligations.
Again, this is not financial advice, just notification in case you were not aware of it.
BE
Possible changes to discretionary trusts
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