Trust Distributions - CapitalQ

Trust Distributions

Anyone who has been in business more than the past half dozen years or so will remember the “good old days” when much of your annual tax planning, including determining your trust distributions, could be done at the time of preparation of your income tax returns.

Well, unfortunately, those days are gone.

Your trust distributions MUST now be determined, and documented, before midnight on the 30th of June!

If you miss that deadline, there is nothing you can do. Your Trust Deed default clauses will apply and/or your Trust itself will pay tax for the year.

The result is usually that all of the Trust’s income will be taxed at the top marginal rate. A disaster for pretty much any business owner or investor!

So usually we couple determination of our client’s annual Trust Distributions with their annual Year-End Tax Planning exercise.

But even if a Tax Planning exercise is not being undertaken, the Trust Distributions must still be determined and “locked in” before the end of the year.

Of course, the only way to be able to make an informed decision about year-end tax planning and your trust distributions is to have accurate, complete and up to date accounting records and interim business performance figures for the year (do you see a pattern emerging)!

More about Accounting & Tax

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What our customers say

Logo for Ray Ellis

CapitalQ helped me get off the 9 to 5 treadmill and effectively retire from real work in my late twenties.

I am a property person through and through. I believe there is no better way to build genuine wealth than via property. I have undertaken residential property investing and residential property developments (large and small) and as a result effectively retired from real work in my late 20s. Throughout that time Duncan and the Team at CapitalQ have been my partners (both as advisers and at times literally by taking interests in my projects). I would recommend to anyone thinking about venturing into property investing to ensure CapitalQ are part of the process and watching your back. You need sound personal budgeting, investment analysis, project costing, appropriate structuring, short term and long-term tax planning and ongoing tax advice (and not just covering Income Tax but also GST, Land Tax, Stamp Duty, the list goes on). CapitalQ know all aspects of the property game, and have the hands-on experience as well. Many think property investing is easy, but I can assure you, without the right partner providing the right advice, you will come undone.
Ray Ellis Ray Ellis

Ray Ellis

Property Investor and now owner of Xceed Real Estate

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