Hi, I am applying for a TFN for a trust I have recently established. It seems a simple question but the ATO website is contradictory. It states: Name of the Discretionary Investment Trust: Then it has a box to enter a name. The box is already populated with "The trustee for". So question is do I replace that with the actual name of the trust i.e. "XYZ Trust" or do I simply add XYZ trust to it so it becomes "The trustee for XYZ Trust" (this seems what it is trying to achieve but I am unsure). Thanks for your help.
I would not change it. The Trustee For The XXX Trust is conventional. This is one of many issues you can get wrong with a trust establishment. DIY isnt always do it well.
The second. The ATO treats the trust as a separate tax payer, but the trust is not a legal entity so they address letters etc to "the trustee of XX)
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