Trust tax returns

Trust tax returns — distributions handled correctly.

Family trusts, discretionary trusts, unit trusts and hybrid trusts. We prepare your trust tax return, financial statements and beneficiary distribution minutes.

Overview

Trust structures are powerful for asset protection and tax planning, but they need careful annual compliance. Our Gold Coast accountants prepare your trust's financial statements, calculate distributable income, draft distribution minutes, and lodge the trust tax return — making sure beneficiaries are taxed correctly.

Who it's for

  • Family discretionary trusts
  • Unit trusts
  • Hybrid trusts
  • Investment trusts
  • Trading trusts

What's included

  • Trust financial statements
  • Distributable income calculation
  • Beneficiary distribution minutes
  • Trust tax return (Form T)
  • Streaming of capital gains & franked dividends
  • TFN report for beneficiaries
  • Family Trust Election advice

FAQs

Do trusts pay tax?+

Generally no — net income is distributed to beneficiaries who pay tax at their own rates. Undistributed income is taxed at the top marginal rate.

When do distribution minutes need to be signed?+

Before 30 June each year, otherwise the ATO can tax the trustee at the top marginal rate.

Can a trust own a business?+

Yes — trading trusts are common, often with a corporate trustee for liability protection.

Ready when you are

Lodge your tax return online in minutes

AI-assisted, reviewed by registered Gold Coast tax agents. Fast refunds, maximum deductions, no hidden fees.