Unit trusts – supporting information

Here's a list of the documents and information we usually need to process a private ruling request or objection about the tax payable upon the sale of units in a unit trust. If you provide supporting information this will reduce the time it takes for us to process your request.

If you want to apply for a private ruling about selling units in a unit trust, you need to:

• complete and submit the relevant private ruling application form (for tax professionals or not for tax professionals)
• provide the supporting information listed below.

If you want to lodge an objection about selling units in a unit trust, you need to:

• complete and submit the relevant objection form (for taxpayers or tax professionals)
• provide the supporting information listed below.

Note: Check first whether your question is answered on our website.

See also  

• Capital gains tax – shares and units

Supporting information

Note: If you've previously provided us with any of the information listed below, you don't need to provide it again.

The information we need for a private ruling or objection about the sale of units in a unit trust includes:

About buying the units  

• the date the units were acquired
• the cost of the units
• the brokerage and other costs (for example, stamp duty) incurred in buying the units.

While you held the units  

• if you received any tax-free, tax-deferred, redemption or return of capital distributions from the trust  
  • when you received those amounts
  • what amount related to the tax-deferred and the tax-free component
   
• details of any bonus units you received
• if you acquired 'rights or options' for the issue of units, on what date the rights or options were exercised.

About selling the units  

• the proceeds from the sale
• the methods (if applicable) you elected to apply - that is, the discount or indexation method
• the brokerage and other costs (for example, stamp duty) incurred in buying the units.

Next steps  

• Private ruling application form
• Objection form – for taxpayers
• Objection form – for tax professionals