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)?

A trust income distribution record is a document used by a sole trustee to formally record how trust income will be distributed among beneficiaries for a specific 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 on distributing trust income to beneficiaries.
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What should be in a trust income distribution record (individual trustee)?

It should include the names of beneficiaries, the amount or percentage of income each will receive, and the date of the trustee’s decision.
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Frequently asked questions

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

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When should you use a trust income distribution record (individual trustee)?

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What should be in a trust income distribution record (individual trustee)?

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Who can use this document?

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What protections does this record provide?

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View Sample Trust Income Distribution Record (Individual Trustee)

Trust Income Distribution Record (Individual Trustee)

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