The Attribution CCIV sub-fund tax return 2024 is tailored to the specific aspects of the CCIV regime. Some features of this tax return include:
- electronic-only lodgment through Standard Business Reporting (SBR)
- streamlined information requirements compared to the Trust tax return
- reduced statement of distribution requirements in specific circumstances
- automated assessment process, including where the trustee is liable to pay an amount.
When you lodge this tax return, we issue a comprehensive notice of assessment (NOA) where a trustee is liable to pay an amount. Specifically, the NOA will provide details of trustee assessment in respect of:
- amounts of tax the trustee is required to pay on behalf of foreign resident members (for trusts that are not withholding MITs)
- amounts of tax the trustee is required to pay in its own right.
Continue to: What's new for attribution CCIV sub-funds?
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