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  • 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:

    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:

      Last modified: 11 Jul 2017QC 19041