Explore the latest developments concerning Trusts rollover relief.
Trusts rollover relief a ‘postcode lottery’ that could cost millions
For families who restructure their affairs, Treasury’s new tax on discretionary trusts could cost millions in state-based stamp duty.
Treasury’s newly released consultation paper on its budget plan to tax distributions from discretionary trusts at 30 per cent fails to say whether people restructuring assets out of trusts would qualify for any relief on state-based stamp duty charges.
Experts have welcomed the indication there will be no cap on the size of the federal rollover relief for restructuring, but have criticised the lack of clarity on stamp duty.
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