Trust 30% Minimum Tax Coming in 2028
The discretionary trust tax changes 2028 are now officially on the table: on 12 May 2026, the Federal Government handed down the 2026-27 Budget and announced a 30% minimum tax on income retained in or distributed from discretionary trusts, effective 1 July 2028. As proposed — and subject to passage of enabling legislation — this is the most significant structural change to family trust taxation in a generation, and it will affect roughly 350,000 small and medium businesses across Australia.
Read More