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 the taxable income of discretionary trusts, proposed to start on 1 July 2028. It is not yet law, but if passed it would be the most significant structural change to family trust taxation in a generation. Around 350,000 small businesses across Australia operate through a discretionary trust.
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