An ATO ruling is being interpreted as allowing ‘bucket companies’ linked to trusts to be eligible for lower tax rate

The federal government’s company-tax reforms are making the use of family trusts even more attractive as a tax minimising strategy, experts have warned.

The Coalition’s company tax rate cut from 30% to 27.5% has already been implemented for some small businesses. The federal government had clearly intended the lower tax rate not be available to passive companies, including so-called bucket companies.

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