Business Accounting
Trust Tax Returns
Trust returns, distributions and trustee resolutions handled carefully — because with trusts, the paperwork and timing really matter.
Overview
How we can help
Family and discretionary trusts can be effective structures, but they come with strict requirements. Distributions need to be decided correctly and on time, and each beneficiary's share must be reported accurately.
We prepare the trust accounts and return, help trustees prepare distribution resolutions before 30 June, issue beneficiary statements and coordinate beneficiaries' returns.
What's Included
Our trust tax returns service
Trust accounts
Financial statements for the trust.
Trust return
Prepared and lodged with beneficiary details.
Distribution resolutions
Help preparing trustee resolutions before 30 June.
Beneficiary statements
Each beneficiary's share documented.
Beneficiary returns
Individual returns aligned with the trust.
Compliance review
Identifying common risk areas in trust distributions.
Good to Know
Key things to know
Official sources
- 01
Resolutions by 30 June
Trustees generally need to make beneficiaries presently entitled to trust income by 30 June. Missing this can result in the trustee being taxed at the highest rate.
- 02
Reimbursement agreements
The ATO closely reviews arrangements where a beneficiary is entitled to income but someone else receives the benefit (section 100A). Distributions should reflect genuine arrangements.
- 03
Follow the trust deed
What a trustee can do depends on the trust deed. Distributions and decisions need to be consistent with its terms.
- General information only, current at the time of writing. Rules change — please confirm how they apply to you.
FAQs
Common questions
General information only. Your circumstances may differ — contact us for advice specific to you.
Can a trust distribute to anyone in the family?
Only to beneficiaries permitted by the trust deed, and distributions need to be made correctly. Distributions to minors are generally taxed at higher rates.
What happens if the resolution isn't made in time?
The trustee may be assessed on the trust income at the highest marginal rate, depending on the deed. Planning before 30 June avoids this.
Do you set up new trusts?
Trust deeds are legal documents. We can explain the tax considerations and work with your lawyer or a deed provider.
Enquire
Ask about trust tax returns
Tell us briefly what you need. We'll reply to arrange a time to talk and confirm the fee before any work begins.