CMN.ATO.TRT.432179

Modified on: Wed, 20 Nov, 2024 at 11:47 AM

SBR returns validation message "CMN.ATO.TRT.432179" which means that not all income has been distributed.

Illustration 1:

Example: 5 R Total Net Non Primary Income at item = -22155 8 Z Share of net income from trusts = 14137 Which gave us a loss at 20 Net Australian income or loss - other than capital gains = -8018

Then 21 A Net capital gain is 35577 27 U Tax losses carried forward to later income years = 12341 53 Income of the trust estate = 71153 So, according to SBR rules the statement of distribution in case when there is 1 beneficiary with 100% share must look like Share of income of the trust estate W = 71153 Share of income Non-primary production B = -8018 Net capital gain F = 35577

e.g.

Please check if income is all distributed, from below example item "B" Non Primary Income" is under "Available" and needs to distribute.

or-

Illustration 2:

Trust has an operating loss and a capital gain. The system doesn't allow the distribution of the capital gain only. Instead, it forces the combination of operating loss and capital gain to work out a net income for distribution.