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Reminder: Trust income deadline approaching

Posted on Jun 27, 2017 by admin

Trustees are required to make resolutions to distribute trust income by 30 June 2017 to ensure that the resolutions create present entitlement for tax law purposes.

The ATO is reminding trustees to make the income distributions in accordance with the trust deed. Some trust deeds may require the making of resolutions before 30 June 2017.

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