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.
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Paul is a Partner in our Private Enterprise division in Brisbane and has nearly 40 years’ experience working with clients in an array of industries to help them navigate through complex and potentially risky tax and commercial issues, including to address tax disputes.
His expertise includes domestic and international tax planning, transaction advisory and support, superannuation structuring and advice, succession planning and estate planning. He has also prepared expert witness reports in taxation matters.
Paul works with his Grant Thornton colleagues nationally to focus on helping businesses and their owners optimise their tax positions.
He has also provided strategic support to member firms across the Grant Thornton international network to assist their development and alignment with our global vision and strategy.
Paul has presented at many professional and business forums, both in Australia and internationally and is a published author.
Paul is the Vice-President of The Tax Institute for 2025. He is a Queensland State Council member and is a past State Chair.
Paul’s active contribution to The Tax Institute in Australia was recognised in 2016 when he was awarded the SME Tax Adviser of the Year.
Paul is a member of the Catholic Education Council for the Brisbane Archdiocese and is a member of their Finance, Property and Building Committee.
The announced 30 per cent minimum tax on discretionary trusts creates significant challenges for private groups.
The Government has announced revisions to several tax measures in the Budget, affecting capital gains tax treatment for small businesses, a special carve-out for start-ups, and a conditional exclusion for discretionary testamentary trusts from the 30 per cent tax on trusts.
On 10 June 2026 the High Court found that a trust’s unpaid present entitlement (UPE) to a company is not treated as a ‘loan’, and potentially subject to tax as a deemed dividend under Division 7A.