Instructions for how to complete the Trust tax return 2023.
Trust information
Instructions to complete the information that identifies the trust in the tax return.
Trust election status, trust type, details and tax payable
Instructions to complete family trust or interposed entity election, trust type, CCIV referable shares and MIT details.
Income excluding foreign income – item 5
Instructions to complete item 5 business income and expenses – excluding foreign income.
Income excluding foreign income – items 6 to 9
Instructions to complete items 6 to 9 in the tax return relating to income of the trust, excluding foreign income.
Income excluding foreign income – items 10 to 15
Instructions to complete items 10 to 15 in the tax return relating to income of the trust, excluding foreign income.
Deductions – items 16 to 20
Instructions to complete items 16 to 20 in the tax return relating to deductions for the trust.
Capital gains – item 21
Instructions to complete item 21 in the tax return relating to capital gains for the trust.
Foreign income – items 22 to 24
Instructions to complete items 22 to 24 in the tax return relating to foreign income of the trust.
Tax losses deducted – item 25
Instructions to complete item 25 in the tax return relating to tax losses deducted.
Total net income or loss – item 26
Instructions to complete item 26 in the tax return relating to total net income or loss.
Losses information – item 27
Instructions to complete item 27 in the tax return relating to losses information.
Landcare and water facility tax offset – item 28
Instructions to complete item 28 in the tax return relating to landcare and water faciliy tax offset.
Overseas transactions – item 29
Instructions to complete item 29 in the tax return relating to overseas transactions for the trust.
Personal services income – item 30
Instructions to complete item 30 in the tax return relating to personal services income for individuals in the trust.
Taxation of financial arrangements – item 31
Instructions to complete item 31 in the tax return relating to taxation of financial arrangements (TOFA) for the trust.
Non-concessional MIT income – item 32
Instructions to complete item 32 in the tax return relating to non-concessional managed investment trust (MIT) income.
Key financial information – items 33 to 36
Instructions to complete items 33 to 36 in the tax return relating to key financial information for the trust.
Business and professional items – items 37 to 52
Instructions to complete items 37 to 52 in the tax return relating to business and professional items for the trust.
Tax offsets – items 53 to 55
Instructions to complete items 53 to 55 in the tax return relating to tax offsets for the trust.
Medicare levy reduction or exemption – item 56
Instructions to complete item 56 in the tax return relating to the Medicare levy reduction or exemption of the trustee.
Income of the trust estate – item 57
Instructions to complete item 57 in the tax return relating to income of the trust estate.
Statement of distribution – item 58
Instructions to complete item 58 in the tax return, statement of distribution to beneficiaries of the trust.
Trustee choice, beneficiaries and non resident trust – items 59 to 61
Instructions to complete items 59 to 61 in the tax return for the trust.
Declarations
Instructions for how to complete the declarations on the Trust tax return.