Trust resolution deadlines

Trustees who distribute the income of a trust by resolution must comply with a new ruling from 30 June 2012.

This ruling applies where distribution of trusts, through a resolution to beneficiaries must do so by the end of the income year (30 June).

If the trustee does not make the resolutions, beneficiaries will not be entitled to the trust income and the trustee may be assessed on the income of the trust.