Yes, some people may try to qualify for a pension payment before selling an asset. But the loophole is far narrower and better defended than some headlines suggest.
- Senior Industry Fellow - Taxation and Director of the UTAS Tax Clinic, University of Tasmania
More than 1.8 million Australians earn money from trusts, which can be legally used to reduce people’s tax bills. There may be changes coming in Tuesday’s budget.
Would the policy be family-friendly, or discourage women from the paid workforce?
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