Here's a list of the documents and information we usually need to process a private ruling request or objection about the tax payable upon the sale of units in a unit trust. If you provide supporting information this will reduce the time it takes for us to process your request.
If you want to apply for a private ruling about selling units in a unit trust, you need to:
- complete and submit the relevant private ruling application form (for tax professionals or not for tax professionals)
- provide the supporting information listed below.
If you want to lodge an objection about selling units in a unit trust, you need to:
- complete and submit the relevant objection form (for taxpayers or tax professionals)
- provide the supporting information listed below.
Note: Check first whether your question is answered on our website.
See also
Supporting information
Note: If you've previously provided us with any of the information listed below, you don't need to provide it again.
The information we need for a private ruling or objection about the sale of units in a unit trust includes:
About buying the units
- the date the units were acquired
- the cost of the units
- the brokerage and other costs (for example, stamp duty) incurred in buying the units.
While you held the units
- if you received any tax-free, tax-deferred, redemption or return of capital distributions from the trust
- when you received those amounts
- what amount related to the tax-deferred and the tax-free component
- details of any bonus units you received
- if you acquired 'rights or options' for the issue of units, on what date the rights or options were exercised.
About selling the units
- the proceeds from the sale
- the methods (if applicable) you elected to apply - that is, the discount or indexation method
- the brokerage and other costs (for example, stamp duty) incurred in buying the units.
Next steps
- Private ruling application form
- Objection form – for taxpayers
- Objection form – for tax professionals