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Testamentary Trusts and the Proposed 30% Minimum Tax: What Treasury's Consultation Paper Means for Your Will

Treasury's July 2026 consultation paper proposes conditions for exempting testamentary trusts from the proposed 30% minimum trust tax from 1 July 2028. This article explains the announced exemption, the principal unresolved issues, and what will-makers, executors and trustees should consider now.

14 min readReviewed by JIM PARKE, Lawyer & Chartered Accountant
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