• Record keeping for non-resident trusts

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    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    You are required to keep records for a non-resident trust estate if you are an attributable taxpayer in relation to the trust estate.

    You must keep records of:

    • how you became an attributable taxpayer for the non-resident trust
    • how you worked out the trust's attributable income for each of the trust's income years which falls wholly or partly within your year of income, and
    • how you worked out the amount included in your assessable income.

    If you cannot get the information necessary to work out the trust's attributable income, the amount to be included in your assessable income is worked out using a formula - see chapter 2.

    You must keep these records even if no amount is to be included in your assessable income.

    Last modified: 05 Dec 2006QC 18000