Family trust distributions tax – what you need to know

News Tax & Compliance Law & Policy Updates

Date: 21st May, 2025 Source: Australian Taxation Office (ATO) Country: Australia Original Source

Brief

"On 30 June, trustees of family trusts with a Family Trust Election or Interposed Entity Election must review their elections and understand who is in their family group to avoid Family Trust Distribution Tax liabilities. To ensure compliance, trustees should maintain strong governance and record-keeping practices, identify the members of the specified individual's family group, and consider the current and future impacts of making an election."

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Australian Taxation Office (ATO)

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Family trust distributions tax – what you need to know

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Family trust distributions tax – what you need to know

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