Estate Planning


Three year rule

The 2018/19 Federal Budget included a proposal that will alter the rules for estate planning. The change that may alter the information contained in this module includes:

1. From 1 July 2019, the concessional tax rates available for minors receiving income from testamentary trusts will be limited to income derived from assets that are transferred from the deceased estate or the proceeds of the disposal or investment of those assets.

The proposal has been legislated.