Avoid tax with trust distribution resolution

HomeInsights

Do you have a Discretionary (Family) Trust?

In the lead-up to 30 June, you can avoid paying an extra tax of up to 47% of Trust profits by completing your Trust Distribution Resolutions before 30 June.

If a Trustee of a Trust fails to make a resolution to distribute the income of the Trust before the end of the financial year, the Trustee may be assessed by the Australian Taxation Office (ATO) on the Trust income at the highest marginal tax rate of 47%, rather than the intended beneficiaries being taxed at generally much lower tax rates.

How we can help

  • Review of your prior year Trust Distribution Resolution
  • Confirmation with you of the estimated Trust income of your Trust for the year ended 30 June
  • Review of your Trust Deed to ensure that the income definition and distribution clauses in your Trust Deed allow the proposed Trust Distribution Resolution for 30 June
  • Advice on the most tax effective distribution of this estimated Trust income

  • Preparation of Trust Distribution Resolution and ensuring it is signed by the Trustees PRIOR to 30 June.

Contact Us

The sooner we get started with preparing your Trust Distribution Resolutions, the sooner we can help you save tax - well before 30 June for sufficient time to implement tax saving strategies.


GET IN TOUCH GET IN TOUCH


Events Coming Soon

2 Feb '26

2026 EXPRESSIONS OF INTEREST - Skybots: RPA & A.I - 2-Days Training Course

After overwhelming demand and sold-out sessions in Perth, Brisbane, Sydney, Melbourne and Mornington in 2025, we’re inviting expressions of interest for 2026. If you missed out earlier or are ready to dive into hands-on automation training, we’re considering additional sessions in various locations across Australia in 2026.


READ MORE READ MORE
15 Dec

SKYBOTS: RPA & AI Training Course - Melbourne CBD

LIVE 2-DAY COURSE - MELBOURNE CBD
15 & 16 December 2025

Join SkyBots’ 2-day Workshop with automation expert Daryl Aw to revolutionise your workflow using Power Automate, UiPath, VBA, and cutting-edge AI tools like Copilot and ChatGPT. Tailored for accounting and finance professionals, bookkeepers and small business owners, this hands-on training will teach you to automate repetitive tasks, generate and optimise VBA scripts, and deploy robust automation solutions independently.


READ MORE READ MORE
Tomorrow

SKYBOTS: RPA & AI Training Course - Sydney CBD

LIVE 2-DAY COURSE - SYDNEY
11 & 12 December 2025

Join SkyBots’ 2-day Workshop with automation expert Daryl Aw to revolutionise your workflow using Power Automate, UiPath, VBA, and cutting-edge AI tools like Copilot and ChatGPT. Tailored for accounting and finance professionals, bookkeepers and small business owners, this hands-on training will teach you to automate repetitive tasks, generate and optimise VBA scripts, and deploy robust automation solutions independently.


READ MORE READ MORE


Related News

Today

SMART Life - Issue 23 - Summer 2026

Understanding the 3 stages of retirement and what they mean for your money, and how to future proof your retirement income.


READ MORE READ MORE
20 Nov

SMART Wins at Mornington Peninsula Shire Awards

SMART Business Solutions is proud to announce its recognition as the winner of Excellence in Local Community Connection (Medium–Large Business) and Excellence in Access and Inclusion at the 2025 Mornington Peninsula Business Excellence Awards.


READ MORE READ MORE
19 Nov

The Hidden Tax Risks of Using Personal Offset Accounts for Business Funds

It might seem like a clever strategy - moving surplus business cash into your personal mortgage offset account to save on home loan interest, then shifting it back to the company around tax time. But there’s a catch: the ATO sees this, and they’re not fans.


READ MORE READ MORE