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Jim Chalmers under pressure over trust tax changes

Original: jim chalmers trust tax changes

Treasurer Jim Chalmers is facing criticism over Labor's proposed changes to trust and capital gains tax settings in Australia. Reports say ministers have struggled to rule out a high tax rate on trusts, while commentators warn families could face a 30% trusts tax on inherited assets unless they redraft their wills, framing it as a potential 'death tax' affecting everyday estates.

Why now: Fears that new trust tax rules could hit ordinary Australian families' inheritances are driving debate.

Jim ChalmersAustralian Labor PartyThe Australian

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Evidence

• Labor’s CGT changes under fire as ministers struggle to rule out high tax on trusts · The Australian
• Death tax trap: Why your loved ones could still face 30pc trusts tax unless you redraft your will · The Australian

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