Completing a Tax Return - Trusts - October 2023 (1 Hour of CPD)

Trusts are a common structure used by many clients. But they have a number of specific items and disclosures in the tax return that need to be completed correctly.

This webinar will look at efficiently and correctly completing a trust tax return focusing on the disclosures and items specific to trusts.

The webinar will cover:

• Where to and How to correctly report capital gains in a trust return
• Disclosures for claiming of prior year losses and eligibility rules
• Disclosures required for Unpaid Present Entitlement to private companies
• What is meant by Income of the Trust Estate?
• Distributions to Beneficiaries
• Unallocated income and tax payable by the trustee
• Calculation of distributions under the quantum and proportionate methods
• Distribution minutes and resolutions