Every tax conversation we've had since the Budget ends up in the same place: the "bucket company".
Under the new 30% minimum tax on trusts, bucket companies will get no credit for tax the trust has already paid. Depending on the structure, retained profits could be taxed at up to 70%.
The new rules leave a door open. The outcome depends largely on who receives trust distributions. So the question is: how can bucket companies still work once the new rules begin on 1 July 2028?
Join us on Monday, 9 November at 1 PM AEDT to learn: - If the bucket company is the biggest casualty if the changes
- How to strategically decide who owns the bucket company
- The biggest traps in your client's strategy
Don't miss this one!
Presenters
David Boyar
General Manager, ChangeGPS
David joined ChangeGPS as GM of Growth and then CEO to drive the development of the industry after founding The Virtual CFO Association and co-hosting 'From the Trenches'—Australia's #2 iTunes business podcast. David's one of the youngest Fellow Chartered Accountants in Australia. He loves using accounting to help Aussie mums and dads so much that he did a TedX talk on it.
Timothy Munro
Founder & Executive Director, ChangeGPS
Tim founded ChangeGPS after founding the award-winning accounting firm Change Accountants & Advisors. Tim is a former Director and Queensland President of the Institute of Public Accountants. He lives and breathes his professional passion for accounting. At ChangeGPS Tim fuels the vision for a better accounting industry using technology and best practice. Outside work, Tim’s a parent, drummer, and cricket-player.