The Trust Return – more than just the numbers

6 Aug 2025 11:00AM – 12:30PM AEST

$190.91 +GST

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The net (taxable) income of a trust is worked out in much the same way as for other resident taxpayers. Establishing who is liable for the tax on that net income turns on concepts of trust income, as determined under the trust deed, and present entitlement to it which is usually created by irrevocable resolution of the trustee.

Making beneficiaries presently entitled to trust income, or not, engages the operation of Div 6 of the ITAA 1936; making beneficiaries specifically entitled to amounts such as franked dividends and capital gains engages the streaming provisions. A trustee’s power to stream different components of its distributable income to different beneficiaries may have unforeseen consequences for tax purposes because the Tax law currently only accommodates streaming of franked dividends and capital gains.

Help for completing the 2024 trust tax return is available in the ATO’s 360-page instructions.

This webinar will be presented by one of TaxBanter’s experienced tax trainers.

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