Has the trust received an employment termination payment (ETP) or superannuation lump sum?
Include death benefit ETPs and superannuation lump sums on the distribution statement at B at the end of item 65, on page 15 of the tax return, at Income to which no beneficiary is presently entitled and in which no beneficiary has an indefeasible vested interest, and the trustee’s share of credit for tax deducted. The trustee is liable to pay the tax, if any, on these amounts. The amount of tax payable by the trustee depends on the components of the ETP or superannuation lump sum and the extent that the dependants of the deceased benefit from the estate. For more information on ETPs and superannuation lump sums see item 13 Superannuation lump sums and employment termination payments. Has the trust received a listed investment company (LIC) capital gain amount? If the following persons or entities are beneficiaries and the trust claimed a deduction in respect of a LIC capital gain amount, the trust must advise these beneficiaries of their share of the deduction claimed by the trust for
