One-off opportunity under Practice Statement PS LA 2004/1 (GA) for trusts required to furnish an income tax return

Declaration and request for family trust election to be treated as applying from an earlier income year

Download One-off opportunity under Practice Statement PS LA 2004/1 (GA) for trusts required to furnish an income tax return (NAT 11771, PDF).

This form must be lodged where the trust is using the Commissioner's one-off opportunity as set out in Practice Statement PS LA 2004/1 (GA) and the trust is required to furnish an income tax return for the year ended 30 June 2004.

A 2004 family trust election specifying the 2004 year will need to be lodged together with this form unless a family trust election for an earlier year was lodged with the Tax Office. If an earlier year family trust election has previously been lodged, the details of the earlier family trust election will need to be completed at paragraph 2(b) of this form.

This form does not replace the family trust election which will still be required unless a family trust election has previously been lodged with the Tax Office.

This form and the 2004 family trust election (if required) must be lodged at the same time as the trust income tax return.

For more information on PS LA 2004/1, refer to Family trust elections (FTEs) and interposed entity elections (IEEs) - lodgment opportunity - Commissioner's announcement 15 April 2004 - question and answers.