WealthPersonal FinanceTax reformPrint articleOpinionFamily trust tax changes come with one huge riskThe case for changes to family trust taxes is strong, especially if they result in simplifying things. But there’s a big catch.Shaun CartoonTax lawyerJun 24, 2025 – 5.00amSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLast week, Treasurer Jim Chalmers opened the door to tax reform, promising an overhaul of Australia’s tax system. And family trusts are squarely in the picture.Treasury is expected to propose higher taxes on trusts to help fund the government’s income tax cuts. The rationale is straightforward: about 1.7 million people received close to $60 billion from trusts last year. Treasury sees this as generous and a growing point of revenue leakage.Loading...Shaun Cartoon is a partner in Arnold Bloch Leibler’s tax practice.SaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleIntroducing your NewsfeedFollow the topics, people and companies that matter to you.Find out moreRead MoreTax reformOpinionSmart InvestorTrustsJim ChalmersLatest In Personal financeFetching latest articlesMost Viewed In WealthThe Australian Financial Review MagazineWhat OpenAI’s Sam Altman suggests you do to keep your jobPaul SmithThis Australian watch reseller is making its move on London and NYCMonica Lewinsky might be the most influential feminist in 30 yearsBOSS Financial ReviewThe 3 traits that stand out among this year’s BOSS Young ExecutivesSally PattenHow this elite child gymnast leapt to the top of SportsbetWhat 18-hour days on a farm taught this NAB exec about bankingLife & LeisureThe secret to Oroton’s $123m turnaround successJessica BeresfordMaison Balzac glassware and bendy candlesticks to light up your homeStep inside this modernist penthouse with 360-degree viewsRich ListThree decades of PMs, fashion icons and the odd person headed for jailBrook TurnerFortescue near settlement with US tycoon after energy deal bust-upAustralia’s 50 Richest Bosses revealed
