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  • Chapter 4-Trust distributions

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    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.

    Last modified: 31 Aug 2010QC 16195