Discretionary trusts and the proposed 30% minimum tax

This month we look at several important developments and practical compliance issues affecting individuals, businesses, trusts and SMSF trustees.

The Government’s proposed 30% minimum tax on discretionary trusts could have significant implications for some family groups, particularly where trusts distribute income to companies, although the rules remain subject to consultation and aren’t final yet.

We also look at SMSF property valuations and related-party leases, and the importance of having appropriate evidence ready to support market values.