Legal Insights

Stop, Drop or Roll: The New Minimum Tax & Options for Trustees
Tax, Succession Planning, Trusts Jemimah Fitzgerald Tax, Succession Planning, Trusts Jemimah Fitzgerald

Stop, Drop or Roll: The New Minimum Tax & Options for Trustees

Treasury’s exposure drafts provide trustees of discretionary trusts three options in relation to the new 30% minimum tax on taxable income: (1) stop trying to avoid and pay the tax, (2) drop the trust into an excluded election trust election or (3) roll-over relief. This article details the strict conditions the latter two options carry. 

Read More