Testamentary trusts are one of the last truly outrageous means of avoiding tax
- Written by Dale Boccabella, Associate Professor of Taxation Law, UNSW
Scott Graham/Upsplash
It’s one thing to bring forward tax cuts, as the government is thinking of doing in the October budget.
It’s another to leave wide open an arrangement that allows substantial tax minimisation (or elimination) on income of a trust for generations.
Many people know about discretionary trusts, often called family trusts....
Read more: Testamentary trusts are one of the last truly outrageous means of avoiding tax