Investments

Are we in the twilight zone of tax breaks on AUTs?

Thursday 17th of June 2004

Australian unit trusts (AUTs) have been in the taxman’s gun sights for some time. Revenue Minister Michael Cullen has been on record saying he favoured a change to tax rules to close what he called a “loophole” that allowed AUTs to be “circular”, that is, to invest in New Zealand assets such as government stock.

In fact th...

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