New 30 per cent trust tax creates significant challenges for private groups
Client AlertThe announced 30 per cent minimum tax on discretionary trusts creates significant challenges for private groups.
Grant Thornton’s partners vote to join Grant Thornton Advisors multinational platform. Read more.

On24 (online)
Thank you for your interest in this webinar.
You will receive a link to watch on-demand shortly.
Join us for our upcoming live webinar, "Powerful Board Reporting in Private Business," where we will delve into the essential aspects of effective board reporting. This webinar is designed to provide you with valuable insights and practical strategies to enhance your reporting practices.
Webinar Highlights:
Partner
National Head of Technology, Media & Telecommunications
Partner
The announced 30 per cent minimum tax on discretionary trusts creates significant challenges for private groups.
Succession is no longer just about who takes over. Many family businesses are using succession planning as a catalyst to reassess whether their current structure is still fit for purpose. As businesses scale, trust or partnership structures can become restrictive. Issues may include limited asset protection, challenges winning commercial contracts, reduced buyer appeal, and constraints on reinvesting profits to support growth.
In estate planning, the focus is often on technical elements like drafting a will, appointing executors, minimising tax, and ensuring assets pass as intended. While these steps are important, they only form part of the picture.