ATO advice regarding year-end trustee resolutions

June 7, 2023 | Robyn Bull

The ATO has advised that, in the lead up to 30 June, trustee clients who wish to make beneficiaries presently entitled to trust income for the 2023 income year should ensure their trustee resolutions are effective.

This includes where trustees may want to make beneficiaries ‘specifically entitled’ to franked dividends and capital gains included in that income (i.e., where trustees want to ‘stream’ those classes of income to certain beneficiaries).

It is important that trustee clients:

 

 

 

 

 

 

 

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