Filing Trust Tax Returns in Australia

Filing Trust Tax Returns in Australia

Filing trust tax returns in Australia can be a complex and time-consuming process. However, it is an important process, as it is the legal obligation of trustees to declare taxable income and pay taxes accordingly. In this blog post, our tax return accountants provide some information about trust tax returns and the steps involved in filing them in Australia.

Trust Tax Returns: An Overview

A trust is a legal arrangement where a trustee controls the property and manages it in the best interest of the beneficiaries. Generally, trusts are created for the purpose of property or asset management and transfer. However, all trusts that generate income in Australia are required to submit an annual tax return.

Whether the trust makes a profit or not, it is necessary to hire a professional to create and file the trust tax return in Australia. A registered tax agent that offers tax agent services for trusts can assess income, allowable deductions and credits to provide an accurate assessment of tax requirements.

Steps to Filing Trust Tax Returns in Australia

  1. Gather All Required Information

The first step in filing a trust tax return is to gather all the necessary information. This includes income and expenses, tax payments, and other relevant documents like income statements and receipts.

  1. Fill Out the Trust Tax Return Form

The next step is to fill out the trust tax return form, which can be obtained from the Australian Taxation Office (ATO) website or through registered tax agents. This form will require all the information that was gathered in the first step.

  1. Determine Tax Liability

After filling out the trust tax return form, the next step is to determine the tax liability for the trust. This calculation involves assessing the income, allowable deductions and credits for the trust.

  1. Make the Payment of Tax

Once the tax liability is determined, it is essential to make the payment of tax owed for the financial year. The ATO allows for multiple payment options, so the trustee can choose a payment plan that suits their needs.

  1. Submit the Return

The final step in the process involves submitting the completed trust tax return to the ATO. This can be done online, through registered tax agents or by mail.


Filing trust tax returns in Australia can be a lengthy and challenging process, but it’s crucial to understand that it’s a legal obligation for trustees. By following the steps outlined, a trustee can ensure that they fulfil their duty and remain in compliance with the requirements stated by the Australian Taxation Office. Engaging the help of professional tax agents is recommended to ensure all aspects of the trust tax return are in line with requirements.

At AIM S Australia, we offer tax preparation services that can assist you in preparing individual tax returns, sole trader tax returns, partnership tax returns, trust tax returns, company tax returns, crypto tax returns, expat tax returns, non-resident tax returns, overdue tax returns, foreign resident tax returns and investment property tax returns. We can also help with payroll solutions, late tax filing, capital gains, cryptocurrency tax, company formation, business setup and BAS. To learn more about our services, call us now on 1300 11 24 67 or email us at

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