Some inherited trusts will still be caught after ‘death tax’ backflip
The Albanese government will impose a minimum 30 percent tax on certain inherited trusts despite scaling back its death tax proposal. A consultation paper is expected next month to clarify which trusts are deemed 'genuine.' This change aims to prevent tax avoidance through discretionary testamentary trusts and follows criticism from opposition members including Shadow Treasurer Tim Wilson.
Summary by OZbrief Editorial · SMH · Source
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Published 21 Jun 2026, 02:13 UTC · Updated 21 Jun 2026, 02:20 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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