Discretionary trusts have been slapped with a 30% minimum tax amid a slew of "fairer tax arrangements" reforms in the 2026-27 Budget to address intergenerational inequity.

The changes to trusts are a major part of Labor’s latest budget. So how can you expect to be affected, if at all?

The federal budget includes a new 30 per cent minimum tax on discretionary trusts. Experts say it is not just the ultra-wealthy that will be hit.

The proposed minimum tax for trusts will impose harsh tax penalties on beneficiaries of testamentary discretionary trusts, ...

Anthony Albanese’s mission to give younger Australians a “fair crack” in the tax system has a new target: the use of trusts by wealthy families to slash their tax bill.

Brent Murphy, partner with KPMG, said on Sky News that generally, where a trust is changed, it is fundamentally “as if you’ve ...

Grandparents who set aside money to help pay for their grandkids’ education and parents making financial plans for disabled children are among investors who will be caught in the surprise clampdown on ...

Labor MPs are gearing up for a hard sell on the impact of the federal government's tax changes on some small businesses, ...