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Discretionary Tax Return Lodgement -

Discussion in 'Accounting, Tax & Legal' started by goponcho, 23rd Mar, 2018.

  1. goponcho

    goponcho Active Member

    Joined:
    4th Nov, 2017
    Posts:
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    Location:
    Perth
    Hi, quick one.

    Thinking of creating a discretionary trust to debt recycle hold only common shares.

    Am I allowed to lodge the trust's return myself for free? Or must an accountant lodge this?
    Cant find the answer on the ATO site?

    Thanks
     
  2. Terryw

    Terryw Well-Known Member

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    What does the deed say? There is no legislation which prevents the trustee from doing the return themselves.
     
  3. goponcho

    goponcho Active Member

    Joined:
    4th Nov, 2017
    Posts:
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    Location:
    Perth
    Thanks!
    Havent made the trust yet!
     
  4. Terryw

    Terryw Well-Known Member

    Joined:
    9th Jun, 2006
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    Location:
    Sydney
    In that case you can get the lawyer drafting the deed to tailor it to suit your needs