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How to get a family trust election revocation or variation 2024

How to get the family trust election, revocation or variation and when to use it.

Published 1 May 2024

Get the family trust election, revocation or variation form

Go to Family trust election, revocation or variation 2024This link opens in a new window on our Publications Ordering Service (POS) at iorder.com.au.

Get the instructions

For help preparing the schedule, see Instructions – family trust election revocation or variation 2024.

The Family trust election, revocation or variation 2024 instructions are not available in print.

You can create and save a PDF copy (52 KB) from this webpage – select the Print or Download icon under the page heading, then select PDF whole topic.

Using the Family trust election, revocation or variation 2024

Trustees must use the Family trust election, revocation or variation 2024 for:

  • making a family trust election in accordance with section 272-80 of Schedule 2F to the Income Tax Assessment Act 1936 (ITAA 1936) specifying the 2004–05 or later year
  • revoking a family trust election in 2023–24 in accordance with subsections 272-80(6) to (8) of Schedule 2F to the ITAA 1936
  • varying the specified individual under subsections 272-80(5) to (5D) and (8) of Schedule 2F to the ITAA 1936.

If you want to revoke or vary a family trust election, use the Family trust election, revocation or variation 2024 only for 2023–24.

Continue to: How to make a family trust election

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