A new rule change will bring relief

December 7 2015 - 10:03am
NEW: The Government announced in the Federal Budget that they will change the rules to allow small businesses to access rollover relief in a wider range of restructures.
NEW: The Government announced in the Federal Budget that they will change the rules to allow small businesses to access rollover relief in a wider range of restructures.

I currently operate my plumbing business as a sole trader. As business is booming I want to move my business into a trust so I can distribute profits to my family. I’ve heard there are no capital gains tax consequences if I transfer my business into a trust, is this right?

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