Trustee beneficiary reporting rules

This information is for trustees of closely held trusts that have trustee beneficiaries.

When lodging your trust tax return, you may need to include a trustee beneficiary (TB) statement with details of your trustee beneficiaries that are entitled to:

  • a share of trust income (whether or not it is assessable)
  • capital of the trust.

We use the TB statement to check:

  • whether the trustee beneficiary correctly declares its share of the trust net income
  • whether the net assets of the trustee beneficiary reflect the receipt of the trust capital and any non-assessable income.

Next steps:

See also:

    Last modified: 22 Apr 2016QC 21157