Trusts Tax will hit small business and home buyers
The article says the Federal Government is about to hit more than 90,000 construction businesses with higher taxes and costs through a trusts tax. It argues the change will hurt small businesses and home buyers. The supplied text cuts off early.
Over 90,000 construction businesses will be hit with higher taxes and costs under the trusts tax
How will the new trusts tax affect my small construction business?
Builders and other construction trades may face higher tax and costs, which could squeeze margins or push up prices for home buyers. Details are limited, so check how the tax applies to your structure.
Key takeaways
- Over 90,000 construction businesses are set to face higher taxes and costs.
- The article says the trusts tax will hit small businesses and home buyers.
- The Federal Government is the source of the proposed tax change.
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