Closely held trusts

Rules for closely held trusts

Work out if the trustee beneficiary reporting rules or TFN withholding rules apply to you as a trustee.

TFN withholding for closely held trusts

Withholding from a closely held trust beneficiary's payments or entitlements when they do not quote their TFN.

Trustee beneficiary reporting rules

Closely held trusts that have trustee beneficiaries may need to include a TB statement in their trust tax return.