Rules for closely held trusts


Two special sets of rules apply to closely held trusts - the trustee beneficiary (TB) reporting rules and the tax file number (TFN) withholding rules. However the circumstances when they apply are different.

This information will help you work out quickly:

  • whether your trust is one to which either or both sets of rules applies (Part A)
  • which beneficiaries the rules apply to (if they apply to your trust) (Part B).
    Last modified: 22 Apr 2016QC 21158