Trust Tax Return

Trust Tax Return

Completing the tax return 

If these instructions ask you to provide additional information, attach the additional information to the tax return and print X in the Yes box at Have you attached any ‘other attachments’? at the top of page 1 of the tax return.
If you have not attached any documents to your completed tax return, print X in the No box.

Tax file number (TFN)

Print the TFN of the trust in the boxes provided.

Name of trust

The trust name should be consistent from year to year, except in the year of a name change.
If the trust name is legally changed, advise us in writing at the time the change is made.

Australian business number (ABN)

The ABN is a unique business identifier used in dealings with the Australian Government. It is also available to state, territory and local government regulatory bodies. Identification for tax law purposes is only one of the uses of the ABN.
Print the ABN of the trust in the boxes provided if the trust is registered in the Australian Business Register.
Follow the instructions on the trust tax return for the following items:
  • Previous name of trust
  • Current postal address
  • Postal address on previous tax return.
C/– is the preferred format for ‘care of’.

Full name of the trustee to whom notices should be sent

Show the surname or family name and given names of the trustee to whom notices should be sent. If the trustee is a company, show the name and ABN of the company.
If the trust comprises the property of a bankrupt and the estate is being administered by the Official Receiver, print OFFICIAL TRUSTEE IN BANKRUPTCY in the box provided for the company name. Leave the individual name box blank.

Daytime contact phone number

Print a phone number that the trustee can be contacted during business hours.

Family trust election status and interposed entity election status

This item must be completed if any of the following apply.

Family trust elections

The trustee of the trust:
  • is making a family trust election specifying the 2004–05 or later year in accordance with section 272-80 of Schedule 2F to the ITAA 1936
  • has previously made a family trust election specifying an income year from 1994–95 to 2018–19 in accordance with section 272-80 of Schedule 2F ITAA 1936 and, if applicable, items 22 or 22A of Schedule 1 to the Taxation Laws Amendment (Trust Loss and Other Deductions) Act 1998 (Trust Loss Act), and that election has not been revoked in accordance with subsections 272-80(6) to (8) of Schedule 2F to the ITAA 1936 in an income year before the 2019–20income year
  • is revoking a previously made family trust election in accordance with section 272-80 of Schedule 2F to the ITAA 1936
  • is varying the specified individual of a previously made family trust election in accordance with section 272-80 of Schedule 2F to the ITAA 1936.

Interposed entity elections

The trustee of the trust:
  • is making one or more interposed entity elections specifying a day in the 2004–05 or later income year in accordance with section 272-85 of Schedule 2F to the ITAA 1936
  • has previously made one or more interposed entity elections specifying a day in any income year from 1994–95 to 18–19 in accordance with section 272-85 of Schedule 2F to the ITAA 1936 and, if applicable, items 23 or 23A of Schedule 1 to the Trust Loss Act, and at least one interposed entity election has not been revoked in an income year before 2019–20 in accordance with subsections 272-85(5) and (6) of Schedule 2F to the ITAA 1936
  • is revoking from 2019–20one or more previously made interposed entity elections in accordance with section 272-85 of Schedule 2F to the ITAA 1936.
A trustee cannot make a family trust election or interposed entity election specifying a year earlier than 2004–05 in the Trust tax return 2020 (sections 272-80 and 272-85 of Schedule 2F to the ITAA 1936).

Family trust elections

Section 272-80 of Schedule 2F to the ITAA 1936 allows a trustee to revoke a family trust election and vary the specified individual in a family trust election in certain limited circumstances.
A trustee cannot vary the specified individual or revoke a family trust election unless the variation or revocation satisfies certain conditions and is in respect of an income year that occurs during the period:
  • starting at the beginning of the income year specified in the election and finishing at the end of the fourth income year after the income year specified in the election, or
  • starting on 1 July 2007 and finishing on 30 June 2009.
The variation or revocation must be made with the entity’s return of income for the income year from which the variation or revocation is to be effective.

Interposed entity elections

Section 272-85 of Schedule 2F to the ITAA 1936 allows an interposed entity election to be revoked in certain limited circumstances.
A trustee cannot revoke an interposed entity election unless the revocation is in respect of an income year that occurs during the period:

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