A five-step process for making timely, informed decisions about an existing trust structure
Management of trusts could be asked to announce their initial plans for responding to the proposed changes to taxation within months. Boards, CEOs and CFOs need to interpret reporting requirements and develop plans now for the four-year transition period and beyond. Considering the potential impact to a trust's valuation and business model sustainability, there's no time to lose.
To respond appropriately to the proposed changes in the taxation of trusts, boards, CEOs and CFOs need to start developing plans now for the four-year transition period and beyond. In fact, year-end reporting requirements might require management to announce their initial plans within months.
See full Press Release.
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