If you have a Family Trust (also known as a Discretionary Trust) YOU NEED TO READ THIS!  From the 2011/12 financial year, Trustees who distribute the income of a Trust through a resolution to beneficiaries must do so BEFORE the end of the financial year (June 30) for the resolution to be effective in determining … Continue reading Tax Planning Strategy #4: Trust Distributions Resolutions needed BEFORE 30 June 2015 – or pay up to 49% tax