testamentary trusts

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Albanese Government Announces Expanded Capital Gains Tax Exemptions for Small Businesses

Australia's Prime Minister Anthony Albanese has announced expanded capital gains tax (CGT) exemptions for small businesses, including startups and testamentary trusts. The government increased the turnover threshold to $10 million, making the exemption "substantially broader and significantly more generous" in response to industry criticism.

Guardian Australia

Australia to Offer Capital Gains Tax Exemptions to Small Businesses

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سياسة·10 sa önceملخص الذكاء الاصطناعي

Australia to Offer Capital Gains Tax Exemptions to Small Businesses

Australia will provide "generous" capital gains tax exemptions for nearly all small businesses, with exemptions for startups and testamentary trusts. The annual turnover threshold for concessions will rise to $10m, benefiting 98% of businesses.

Guardian Australia

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سياسة·22.05.2026ملخص الذكاء الاصطناعي

Labor open to exempting inheritance trusts from new minimum tax

Australia's Labor government is consulting on potentially exempting future discretionary testamentary trusts from a new 30% minimum tax, following Coalition criticism of a "death tax". The government is also considering carve-outs for startups impacted by capital gains tax changes.

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