2017 Tax Planning Checklist: Trust Distributions

Australian Taxation Office

An administrative ruling has been withdrawn given some years ago that trustees of discretionary and family trusts had until the end of August each year to decide on trust distributions. The Taxation Office has indicated that it will be enforcing the full meaning of the law whereby trustee distributions/resolutions must be made by 30   June each year.

Should you have any questions relative to this, please contact us at your earliest opportunity so that a decision may be made on the trust distribution and a resolution prepared confirming the decision of the trustees.