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  • Trustee beneficiary (TB) statement information

    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

    If you are not making a TB statement, print X in the No box.

    If you are unsure whether you need to make a TB statement read the information in appendix 12.

    If you are making a TB statement, print X in the Yes box for this trustee beneficiary, and then:

    • at P show any tax-preferred amounts to which the trustee beneficiary is presently entitled; if there are no tax-preferred amounts, show a zero at P.
    • at Q show any untaxed part of a share of net income of the trustee beneficiary; if there is no untaxed part of a share of net income, show a zero at Q.

    For more information about how to complete P and Q and the definitions of 'tax-preferred amounts' and 'untaxed part of a share of net income', read appendix 12.

    Attention

    Beneficiary details

    To make a correct TB statement, complete the beneficiary information:

    • for resident beneficiaries, showing the name and TFN of the trustee beneficiary
    • for non-resident beneficiaries, showing the name and address of the trustee beneficiary.
    End of attention

    If there are more than five beneficiaries, ensure that the details required to make a correct TB statement are provided in the attachment for each trustee beneficiary.

    If you are required to make a TB Statement, and you do not do so in the specified period, you may be liable to pay trustee beneficiary non-disclosure tax. The specified period for lodgment of the TB statement is the due date of the trust's tax return, or a further period allowed by the Commissioner. For more information see appendix 12.

    Last modified: 12 Feb 2019QC 22968