Trustees of discretionary trusts are required to resolve before 30 June which beneficiaries of the trust will receive the income and/or capital of that trust for that year ended 30 June.
The ATO will be checking
The ATO will closely scrutinise 30 June distribution resolutions and general trust compliance and it is important trustees do not expose themselves to making invalid distributions.
We can help
The WMS Team are ready to assist you in this important tax planning process from the straightforward to the most complex. Your Service Team will be in touch shortly to discuss further.
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