Trust Income Distribution Record (Individual Trustee)

This Trust Income Distribution Record is used to record a decision to distribute trust income at the end of a financial year, where the trust only has one trustee.

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Last updated October 16, 2024

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Suitable for Australia

Trust Income Distribution Record (Individual Trustee)

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What is a trust income distribution record (individual trustee)?

It is a document used by a sole trustee to formally record how trust income will be distributed among beneficiaries at the end of a financial year.
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When should you use a trust income distribution record (individual trustee)?

Use this record at the end of each financial year, typically just before 30 June, to document the trustee’s decision about distributing trust income to beneficiaries.
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What should be in a trust income distribution record (individual trustee)?

It should state the beneficiaries, the amount or percentage of income each will receive, and the financial year covered by the distribution decision.
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Frequently asked questions

Who can use this document?

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Why is it important to record trust income distributions?

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Does this document help with tax planning?

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What are the main limitations of this document?

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What happens if you do not record the distribution?

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What information do you need to complete this record?

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

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View Sample Trust Income Distribution Record (Individual Trustee)

Trust Income Distribution Record (Individual Trustee)

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