Budget 2026: Trusts facing 30% minimum tax on disbursements, experts warn of policy "U-turn"

CPA Australia warns 30% trust tax would hit small businesses and families

CPA Australia has cautioned that reported plans to impose a 30% minimum tax on trust distributions could have significant consequences for small businesses and households. The accounting body added that the proposed move also adds uncertainty in the final days before the Federal Budget. CPA Australia Tax lead Jenny Wong said the prospect of such a change so close to budget night was already “fuelling anxiety and speculation” among businesses, in…

CPA Australia warns on resurrecting ALP’s 2019 tax package

Just a week out from the Federal Budget major accounting group CPA Australia has made clear its strong opposition to suggestions the Government intends imposing a 30% minimum tax on trust distributions. The accounting group has labelled such a measure as a “revenue grab” and called on the Government to release full design details and to initiate consultation with the tax profession. It said a 30% minimum tax on trust distributions represents a b…

Budget 2026: Trusts facing 30% minimum tax on disbursements, experts warn of policy "U-turn"

Senior accounting and tax experts have warned against snap changes to trust income taxes, as the federal government reportedly considers new minimum rates as part of its reform agenda. The post Budget 2026: Trusts facing 30% minimum tax on disbursements, experts warn of policy “U-turn” appeared first on SmartCompany.