Taxation and revenue collection

Income Distribution Trust Type Or Loss Code

Status: Standard

Definition: The code for the trust from which the distribution is made or the code that indicates a loss has occurred
Guidance: Non primary production trust or loss code. If the amount is a loss, enter L. Otherwise enter the code from table that best describes the type of trust from which the distribution is made. If this amount is from more than one type of trust, enter the code that represents the trust with the greatest amount of distribution.

Codes that can be entered are:
L - Loss/negative
and Trusts as identified below
D - Deceased estate
F - Fixed trust - other than a fixed unit trust or public unit trust described in U, P or Q
H - Hybrid trust
S - Discretionary trust - where the main source of income of the trust is from service and/or management activities
T - Discretionary trust - where the main source of income of the trust is from trading activities
I - Discretionary trust - where the main source of income of the trust is from investment activities
M - Cash management unit trust
U - Fixed unit trust - other than a public unit trust described in P or Q
P - Public unit trust (listed) - other than a cash management unit trust
Q - Public unit trust (unlisted) - other than a cash management unit trust
Unique identifier: http://api.gov.au/definition/trc/de4007
Used by: Australian Taxation Office
Type: string
Syntax specifics
API url: https://api.gov.au/definitions/api/definition/trc/de4007