New Top Tax Rate For Trusts
The tax rate for trusts will increase to 39% from 1 April 2024 – will this apply to your trust and what actions should you take if it does?
TRUSTS
New Trust Rules
New trust rules mean beneficiaries can automatically become settlors if there’s more than $25,000 in their beneficiary account. This has the potential to put your assets at risk, so consider making changes now.
The Trust Issue
Do you have a family trust? Thinking of forming one as a way to future-proof your assets for you and your children? Take note – the Trustee Act is getting a makeover. While there are still a few parliamentary hurdles to jump, now’s the time to get your head around what the new bill will …
