Print X at B1, B2, or B3 to show the appropriate description for the status of the business. If more than one selection applies, select the first applicable option. If none of the selections applies, leave B1 to B3 blank.
Consolidation status
Print X at Z2 if the trust was a subsidiary member of a consolidated group at any time during the income year.
In this case the tax return is for the period during which the trust was not a subsidiary member of a consolidated group in the income year. If you print X at Z2 the trust does not need to complete a thin capitalisation schedule, or Schedule 25A.