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Many thanks TerryW.
I'm still puzzled why ATO has asked me to lodge trust annual tax return (my company is trustee of the family trust of mine) while I am lodging BAS and pay GST through my company.
They told me that I even don't need to lodge company annual tax return, which I see a clear conflicting message.
At the same time other mobs from ATO told me to lodge annual company tax return even for nil ammount, which is fine. But it sounds a bit complicated when I am lodging BAS for company and lodge annual tax return for family trust
However as this company is the trustee then I think it should be OK.I will speak to an accountant about this.
Cheers,
Hi
How about if the trust is to provide services to the other companies and collect GST?
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