Businesses caught between Labor's trust tax and stamp duty
Labor's proposed trust tax has left approximately 210,000 small businesses uncertain about restructuring due to potential state stamp duties. Treasurer Jim Chalmers emphasized that over 90 percent of small businesses would remain unaffected, while industry groups stressed the need for clarity on stamp duty impacts. Ongoing consultations aim to address concerns before the tax takes effect in mid-2028.
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Summary by OZbrief Editorial · ABC News – Top stories · Source
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Published 12 Jul 2026, 18:50 UTC · Updated 12 Jul 2026, 19:00 UTC
Summary by OZbrief Editorial. Original report: ABC News – Top stories. Editorial policy · Corrections
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