The trust fund tax debate explained, post budget | ABC NEWS

The federal government’s proposed tax changes to some trust structures are sparking debate, with critics warning they could affect family wealth transfers and small businesses. Tax partner Brent Murphy from KPMG explains what discretionary trusts are, how they have traditionally been used, and why the government wants to tighten the rules.

00:00 - Introduction
00:12 - What are discretionary trusts?
00:35 - How discretionary trusts work and the proposed tax changes
02:05 - Discretionary vs fixed testamentary trusts explained
04:44 - Is this really a “death tax”?
05:05 - Will the tax changes achieve their goal?

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Read more here: https://www.abc.net.au/news/2026-05-15/wealthy-discretionary-trusts-pay-less-tax-federal-budget-change/106666248

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