From 16 December 2009, there were changes to the rules for trust distributions to companies, where the amount remains unpaid. The changes may limit the effectiveness of these distributions. Please give us a call to discuss this issue if you are planning on making distributions to companies.
Trustee resolutions regarding the distribution of trust income must be made prior to 30 June 2016 or, if the trust deed specifies an earlier resolution date. As in prior years, we will be in contact to ensure the resolution is finalised/documented prior to 30 June.