Australia’s 2026 Federal Budget has proposed major changes to discretionary family trusts, including a potential new 30% minimum tax rate from 1 July 2028.In this episode, the team breaks down what the proposed trust changes could mean for business owners, investors, families, and everyday Australians.GET A FREE CONSULTATION FOR ALL ABN HOLDERS 👉 https://forms.zohopublic.com/john205/form/GENERALENQUIRYFORM/formperma/VYEBrsCV_ompEVvnkA0eygWlJxXO5OajFsjjngf_jzwWe discuss:• The proposed 30% minimum tax on family trust distributions• Whether family trusts are still worth it• Tax planning strategies business owners currently use• Why some believe this targets wealth creation• How the changes could impact borrowing capacity, investing and small business• Whether wealthy Australians may leave for lower tax countries• Section 100A, company structures and trust distributions explained• The fairness debate around trust income splittingThis is not financial advice. Always seek professional advice based on your own circumstances.📍 Book a free consultation with Latitude Accountants🌐 Latitude Accountants🎙️ Subscribe for more accounting, tax and business breakdowns.⏱️ CHAPTERS00:00 Budget 2026 trust changes begin00:23 Initial reactions to the new trust tax proposal01:06 Is this targeting wealthy Australians?02:14 Are family trusts unfair?03:00 Will trusts still be worth using?03:47 Why families distribute income through trusts04:50 The difference between wages and trust distributions05:19 Are trusts designed to favour wealthy people?06:13 Will wealthy Australians leave the country?07:46 How much tax revenue will this raise?08:04 Section 100A and the Bendel decision explained08:38 What counts as “wealthy”?09:24 Are business owners getting an unfair advantage?10:06 Concerns about future tax increases10:45 Why high taxes can push risky behaviour12:06 Final verdict, for or against the trust changes?OUR SERVICES 👉 https://latitudeaccountants.com.au/accounting-services/Follow Latitude Accountants:TikTok 👉 https://www.tiktok.com/@latitudeaccountantsInstagram 👉 https://www.instagram.com/latitudeaccountantsWebsite 👉 https://latitudeaccountants.com.au/For business enquiries: [email protected]: This video is for educational and entertainment purposes only and does not constitute financial, lending, legal, or tax advice. Please seek professional advice before making financial decisions.#FamilyTrust #Budget2026 #AustralianBudget #TaxChanges #AccountantsReact #SmallBusinessAustralia #TaxPlanning #BusinessOwners #AustralianTax #Trusts