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  • Franked distributions

    Franked distributions of a trust are taxed to the beneficiaries and the trustee in accordance with the rules in Subdivision 207-B of the ITAA 1997, which apply from the 2010–11 year. The rules specify how to:

    • calculate the portion/share of a franked distribution that the trustee or a particular beneficiary will be assessed on
    • allocate the franking credit attached to the distribution.

    These rules only apply if the net income of the trust is greater than zero.

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      Last modified: 22 Apr 2016QC 24534