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How we would fix Australia’s tax system
The Winner's Playbook
Trust changes, tax reform and what Australia should fix
Australia’s tax system is changing, and family trusts are now firmly in the spotlight.
In this episode of The Winner’s Playbook, Josh and Billy unpack the latest details around the government’s proposed trust changes, what structures may be excluded, and why business owners need to start thinking carefully before making any major restructuring decisions.
They also discuss rollover relief, companies, franking credits, stamp duty risks, and the practical complexity that could come with moving assets out of discretionary trusts.
To close out the episode, Josh and Billy put forward their own take on how they would fix Australia’s tax system, from GST and income tax to business incentives, housing, payroll tax, parental leave and government spending.
If you run a business, use a trust structure, invest through companies, or simply want to understand where Australia’s tax system could be heading, this episode is worth a listen.
⏱️ Timestamps:
00:00 Intro
01:12 Trust tax changes and what we know so far
02:06 Which trusts are excluded?
03:30 Rollover relief and restructuring options
08:22 Stamp duty and property inside trusts
12:36 Why companies may become more attractive
16:51 Franking credits and bucket companies
21:40 How Josh and Billy would fix Australia’s tax system
Hit follow, leave a review, and share this episode with someone who wants to understand the latest trust and tax changes.
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Get in touch with Josh:
https://www.linkwealth.com.au/josh-lee-link
Get in touch with Billy:
https://www.linkwealth.com.au/billy-norman-link
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Billy's TikTok: https://www.tiktok.com/@billynormanfp
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General advice disclaimer: The information contained within this podcast is general in nature and does not take into account your personal circumstances. Please reach out if you wish to discuss your personal situation.
