Taxation of Trusts

Draft interpretation statement PUB00261: Income tax – taxation of trusts has been released for consultation.

PUB00261 summarises the tax law as it applies to trusts and when finalised it will replace the Commissioner’s original statement on the trust rules in the “Explanation of Taxation of Trusts” in the Appendix to Tax Information Bulletin Vol 1, No 5 (November 1989).  

The deadline for comment is 27 June 2017.

References:

• PUB00261: Income tax – taxation of trusts
• PUB00261: Income tax — taxation of trusts