Another tax, fewer homes: HIA
The HIA has warned Treasury that a proposed minimum tax on discretionary trusts will reduce housing supply, contradicting the government's own housing targets.
Will the new minimum tax on discretionary trusts affect my building business?
Builders and contractors operating through discretionary trusts could face higher tax burdens, raising construction costs and reducing new housing projects.
Key takeaways
- HIA has submitted to Treasury opposing a proposed minimum tax on discretionary trusts.
- The HIA says the tax contradicts the Albanese government's housing supply goals.
- Builders using discretionary trust structures could face increased tax obligations.
- Higher costs from the tax may reduce the number of new homes being built.
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