MIT reform - Senate inquiry
The Property Council provides a submission to the Senate Economics Legislation Committee’s inquiry into the Tax Laws Amendment (New Tax System for Managed Investment Trusts) Bill 2015 and related bills (the MIT bills).
Industry strongly supports the introduction of a new tax regime for Managed Investment Trusts (MITs), and urges Parliament to pass the MIT bills as currently drafted.
The MIT reforms are critical to ensuring Australia has a robust and globally competitive tax regime for property trusts.
Download the submission below.