• 2 Status of business

    Attention

    Warning:

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

    End of attention

    Print X at B1, B2, or B3 to show the appropriate description for the status of the business. If more than one selection applies, select the first applicable option. If none of the selections applies, leave B1 to B3 blank.

    Consolidation status

    Print X at Z2 if the trust was a subsidiary member of a consolidated group at any time during the income year.

    In this case the tax return is for the period during which the trust was not a subsidiary member of a consolidated group in the income year. If you print X at Z2 the trust does not need to complete a thin capitalisation schedule, or Schedule 25A.

    Last modified: 13 Aug 2014QC 22968