Hi there, my family trust has no income and i would like to lodge a nil return or non-lodgement advice. i note that this question has been answered multiple times but there seems to be many variations to the answers. So, just wanna confirm which of the following is correct:
1) Submit a non-lodgement advice using the non-lodgement advice form.
2) Submit a written notification (letter) which includes the following
- Business name
- Tax File Number (TFN) or Australian Business Number (ABN)
- Postal address
- Contact telephone number
- Reason the return is not required
- The year(s) in question
- Signature of an authorised person.
3) Complete the Trust Tax Return form, everything as NIL.
Obviously, step 2 is the easiest but is it actually acceptable?
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128 views
6 replies