Trust reporting and lodging trust tax return
Registering, reporting and lodging trust tax return
The trustee is responsible for managing the trust's tax affairs, including registering the trust in the tax system, lodging trust tax returns and paying tax liabilities arising from assessments made to them. Beneficiaries include their share of the trust's net income as income in their own tax returns and may need to pay instalments against their expected tax through the pay as you go (PAYG) instalment system. At JH Business Services & Taxation, we have extensive experience with the set-up and administration of family trust and fixed trust. We can assist you with:
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