Appendix 13: Trust assessment codes

INTER VIVOS TRUSTS, including discretionary trusts

Assessment codes

Resident beneficiary

Non-resident beneficiary

The beneficiary is presently entitled to a share of the income of the trust and is:

• over 18 years of age, under a legal disability or an excepted person

25*

125*

• a prescribed person receiving excepted income only

26*

126*

• a prescribed person receiving eligible income only

27*

127*

• a prescribed person receiving excepted and eligible income only

28*

128*

• a prescribed person receiving eligible income from more than one trust

29*

129*

• not under any legal disability

30

138*

• a company

34

139*

• a trustee

35

140**

No beneficiary is presently entitled to a share of the income of the trust and is:

• a resident or non-resident trust where no beneficiary is presently entitled to income

36*

• a bankrupt estate

37*

• a resident or non-resident trust where no beneficiary is presently entitled to income and to whichsubsection 99A(2) of the ITAA 1936 is to be applied

37*

Deceased estate

Assessment codes

Resident beneficiary

Non-resident beneficiary

The beneficiary is presently entitled to a share of the income of the trust and is:

• under a legal disability

11*

111*

• not under a legal disability

12

118*

• a company

13

119*

• a trustee

14

120**

No beneficiary is presently entitled to a share of the income of the trust and:

• the deceased person died less than three years before the end of the income year

15*

• the deceased person died more than three years before the end of the income year

16*

• it is a non-resident trust

17*