From 1 March, Victoria’s State Revenue Office (SRO) will regard all discretionary trusts with potential foreign beneficiaries as “foreign” purchasers.
Read more at the Accountants Daily.
‘Substantial sting in the tail’ for discretionary trusts
Discretionary trusts could be hit with more than double the amount of duty when purchasing property in Victoria as the State Revenue Office announces the end of its four-year-old practical approach.
