
News
Australian unit trust tax changes
Thursday 20th of August 1998
Distributions rules for Australian domiciled unit trusts will change under the tax proposals unveiled last week by Prime Minister John Howard.Under the proposals distributions from unit trusts will be taxed before they are paid to unit holders, as is the case in New Zealand.
Currently Australian unit trusts distribute all their taxable income to investors, who then pay tax on the distribu...
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