Nomination period for Discretionary Trusts extended to 31 December 2021
The time frame for trustees of eligible Discretionary Trusts to nominate a designated beneficiary has been extended from 30 June 2021 to 31 December 2021.
This extension was included in the Land Tax (Discretionary Trusts) Amendment Bill 2021, which was assented to on Thursday 17 June 2021.
An online Trustee Notification Advice is available to trustees that want to nominate, withdraw or substitute a designated beneficiary.
The Trustee Notification Advice can also be used to notify RevenueSA where a trust:
- that holds land has been established (a new trust); or
- acquires or disposes of land.
For more information see our land held on trust page.