How trusts, trustees and beneficiaries claim the offset
A trust that has received or is taken to have received an NRAS refundable tax offset certificate can claim the total NRAS refundable tax offset amount in the Trust tax return.
Each beneficiary's share of the NRAS refundable tax offset will be included in the Statement of Distribution in the return.
The beneficiaries of a trust who are entitled to the NRAS refundable tax offset must claim their share in their respective tax returns. Depending on the type of entity the beneficiary is, see one of the following for more information:
If the trust has no net income, the full amount of the NRAS refundable tax offset will be included under the column entitled 'Income to which no beneficiary is presently entitled and in which no indefeasible vested interest, and the trustee's share of credit for tax deducted' in the statement of distribution in the Trust tax return.