Trust legislation more lead in the saddle for small business
Master Builders Australia says the newly introduced trust legislation has not addressed the significant concerns it raised earlier. The article excerpt is cut off, so further detail on the bill's content is not available.
How will the new trust legislation affect my small trade business?
Builders and other trade contractors that operate through trust structures could be affected by the new rules, though the excerpt does not say how. Details on compliance and tax impacts are not yet clear.
Key takeaways
- Master Builders Australia says the new trust legislation fails to address its concerns.
- The legislation has been newly introduced.
- Small businesses, including trade contractors, may be affected by the trust changes.
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