All trustees need to consider their trust distributions for the 30th June 2023
As we approach the end of the financial year all trustees need to be considering their trust distributions for the 30th June 2023.
Trustee minutes document the trustee’s decision in relation to the distribution of income for the financial year, and many Trust Deeds require the decision to be made prior to the end of the financial year.
This is a reminder to make sure you make your determinations before the end of the 30th June, and we provide a download to a pro forma document (below) to help you record the decisions.
This is for recordkeeping purposes, noting the final distribution amounts (based on your percentage (%) distributions) will be determined, once the final 30 June 2023 accounts and tax returns are complete. It is a record of your decision.
If you have any questions, please contact us on 02 9981 2300.