A ‘trust’ must lodge a tax return separately to its beneficiaries. The trust’s income is then distributed to the beneficiaries and included in their tax returns.
All tax paid on trust income is therefore paid by the beneficiaries or, in some circumstances, by the trustee.
Different tax concessions are available depending on your business structure. For example, not-for-profit organisations may be eligible for special tax concessions.
Make sure your trust is protected and that you have the right advice at tax time. Talk to Nav Accountants today and ask about our free consultations. Our tax specialists are here to help.
Get in touchEmploying a tax expert is essential for compliance, and to help you minimise your tax payments.
