Resolution to Distribute Trust Income (Multiple Individual Trustees)

This Resolution to Distribute Trust Income is used to distribute trust income at the end of a financial year.

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Last updated October 16, 2024

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Suitable for Australia

Resolution to Distribute Trust Income (Multiple Individual Trustees)

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What is a resolution to distribute trust income (multiple individual trustees)?

A resolution to distribute trust income is a formal decision by all trustees on how trust income will be allocated among beneficiaries for a specific financial year.
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When should you use a resolution to distribute trust income (multiple individual trustees)?

Use this resolution at the end of a financial year, typically just before 30 June, to decide how the trust’s income will be distributed to beneficiaries.
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What should be in a resolution to distribute trust income (multiple individual trustees)?

The resolution should specify the beneficiaries, the amount or percentage each will receive, and be signed by all trustees in accordance with the trust deed.
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Frequently asked questions

Who can use this resolution document?

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Does this resolution help with tax planning?

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What happens if trustees don’t make a distribution resolution?

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Can this document be used in all Australian states and territories?

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How detailed does the resolution need to be?

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What are the key protections of using this resolution?

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What are the limitations of this resolution?

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View Sample Resolution to Distribute Trust Income (Multiple Individual Trustees)

Resolution to Distribute Trust Income (Multiple Individual Trustees)

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