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Trustee Resolutions

Trustee Resolutions are important and can have significant consequences if not completed properly prior to 30 June each year.

If a Trustee fails to make a resolution to distribute the income of the Trust before the end of the financial year, the Trustee may be assessed by the Australian Tax Office on the Trust income at the highest tax rate of 49%.

 

IMPORTANT NOTE: Income includes Capital Gains. If you have sold a property or other asset during the year we recommend you contact our office to discuss the resolution.

 

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