Share Facebook Twitter LinkedIn Pinterest Bluesky Threads ATO already bans most income-splitting by trusts cited in budget Source: malcolm58
MrSquiggleKey on May 20, 2026 11:27 am It also already taxes trusts in the same way that the “new” trust taxes do, just at a different rate.
nagaash on May 20, 2026 11:54 am AFR “It already taxes them mostly the same.” Also the australian and AFR ,run inifinity articles figting against the budget. And the coalition screeching its a deeeeaaaath tax. Maybe its foing more than they would like you to think Edit to add. Another article https://www.afr.com/companies/professional-services/the-30pc-trust-tax-coming-for-big-four-and-top-tier-law-partners-20260519-p5zyrq
FlipperoniPepperoni on May 20, 2026 12:00 pm Interestingly, the article avoids giving statistics on how many successful income splitting enforcement actions the ATO concludes each year.
3 Comments
It also already taxes trusts in the same way that the “new” trust taxes do, just at a different rate.
AFR “It already taxes them mostly the same.”
Also the australian and AFR ,run inifinity articles figting against the budget.
And the coalition screeching its a deeeeaaaath tax.
Maybe its foing more than they would like you to think
Edit to add.
Another article https://www.afr.com/companies/professional-services/the-30pc-trust-tax-coming-for-big-four-and-top-tier-law-partners-20260519-p5zyrq
Interestingly, the article avoids giving statistics on how many successful income splitting enforcement actions the ATO concludes each year.