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Chapter 4-Trust distributions

Last updated 30 August 2010

Distributions from trusts (including managed funds) can include two types of amounts that affect your capital gains tax obligation:

  • capital gains, and
  • non-assessable payments.

This chapter shows how to record a capital gain distributed from a trust, including non-assessable payments. These payments mostly affect the cost base of units in a unit trust (including managed funds) but can create a capital gain. Non-assessable payments do not affect beneficiaries of a discretionary trust.

Managed funds include property trusts, share trusts, equity trusts, growth trusts, imputation trusts, and balanced trusts.

Note: New terms

There may be terms in this chapter that are not familiar to you. Refer to chapter 1 in part A for more information or to the Explanation of terms in this guide.

QC16195