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PAYG and Trusts

Published on 29 Aug 00 by THE TAX INSTITUTE

The first quarterly instalment under PAYG is due on 21 October 2000. Generally it will be beneficiaries who will be required to pay instalments rather than trustees. However, beneficiaries will need to be advised of their "share" of the quarterly instalment income of the trust in order to meet their instalment obligations. If you are involved with trusts, either as an advisor or beneficiary, you should view this video.

Author profiles:

Janet Finlay CTA
Janet is a Partner with Ernst & Young specialising in Corporate Tax. She has over 18 years experience specialising in corporate income tax and employment tax issues for clients, providing advice on capital gains tax, tax planning, business restructuring, inbound and outbound investment, due diligence, acquisitions and financing, employment and expatriate taxes. Janet provides various seminars to clients and professional bodies on taxation developments including corporate income tax, fringe benefits tax and expatriate taxes. Current at 19 March 2015 Click here to expand/collapse more articles by Janet FINLAY.
Wayne Manna CTA
Wayne is a Senior Tax Manager with PKF. Current at 15 March 2005 Click here to expand/collapse more articles by Wayne MANNA.
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