Irrevocable Trust Capital Gains Tax Rate 2024. In 2022, irrevocable trusts pay tax at the top tax bracket of 37% when undistributed taxable income is $13,450. The government in the budget proposed a revamp of the capital gains structure for financial securities.


Irrevocable Trust Capital Gains Tax Rate 2024

Namely, the trust needs to have held an asset for at least one year before selling it to take advantage of the cgt discount. All the changes in the new capital gains tax rate and holding period, except for gold and international funds, will be effective immediately from july 23, 2024, announced budget 2024.

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