For advisers · accountants, tax agents and lawyers
Most trustees exposed to Family Trust Distribution Tax have never heard of it. You are the person most likely to find the problem before the Tax Office does. Pick the tool you need: each one is free.
Six free tools
Eight checks to run on every client trust before 30 June.
Get the checklist →Tool 02The law on one page: the rate by year, timing, interest, the ATO’s position and the open questions.
Read the briefing →Tool 03Six steps to work through if a client’s old mistake could become a claim against your firm.
Check your exposure →Tool 04A short, calm email to send your client list before the interest discount window closes.
Get the template →Tool 05Add your name to the profession’s letter to the Treasurer and MPs.
Sign the letter →Tool 06Tell your MP what you are seeing in your practice. Two minutes.
Email your MP →The deadline
Up to 80% of the interest can be remitted, but only for trustees who self-review, lodge and pay before an audit starts. The discount only touches the interest; the penalty tax is unchanged. C12
