• 66 Beneficiary under legal disability who is presently entitled to income from another trust

    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

    Was any beneficiary in this trust, who was under a legal disability on 30 June 2011, also presently entitled to a share of the income of another trust? If yes, print X in the Yes box. If not, print X in the No box.

    The trustee is liable to be assessed on the share of net income of the trust if a beneficiary is presently entitled to a share of the income of the trust but under a legal disability. Where the beneficiary is presently entitled to a share of the income from more than one trust, the beneficiary's share of the net income from each of the trusts is taken into account in working out the tax rate to apply in the trustee's assessment on behalf of the beneficiary. For more information on the tax rates and relieving provisions, see appendix 11.

    Where the beneficiary is presently entitled to income from one or more other trusts, give the following information for each of those trusts:

    • name of the trust
    • ATO branch at which the trust tax return is lodged
    • trust TFN
    • income to which the beneficiary is presently entitled.

    If a trustee is unable to provide any part of this information, they must provide all the available details together with the name and address of the parent or guardian of the beneficiary.

    Last modified: 13 Aug 2014QC 24223