GST for Corporate Beneficiary

Discussion in 'Accounting & Tax' started by Anjohn, 5th Oct, 2020.

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  1. Anjohn

    Anjohn Well-Known Member

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    Hi, will a Corporate Beneficiary need to register or pay GST for receiving income distributions from a family trust?
     
    Anjohn, 5th Oct, 2020
    #1
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    No
     
    Terry_w, 5th Oct, 2020
    #2
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  3. Gen-Y

    Gen-Y Well-Known Member

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    NO
     
    Gen-Y, 5th Oct, 2020
    #3
  4. Anjohn

    Anjohn Well-Known Member

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    Thanks for replies
     
    Anjohn, 5th Oct, 2020
    #4
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  5. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    A trust distribution is a financial supply and not subject to GST.
     
    Paul@PAS, 6th Oct, 2020
    #5