Trustee notification of beneficial interests and unitholdings

Background information

A trustee of a trust may choose to notify us of the: 

• unitholders, or a change in the unitholder(s), in a unit trust scheme, or 
• beneficial interest, or a change of the beneficial interest, in a fixed trust. 

If you notify us of the unitholders or beneficiaries of a unit or fixed trust, the land will be assessed at the general land tax rate. 

Your notification takes effect for the tax year following the year you lodge it. 

If you have previously made a notification, you must notify us of any changes to the beneficial interest or unitholdings within one month. 

Before you lodge this form the trustee must lodge: 

• a Notice of Trust Acquisition of an Interest in Land (LTX-Trust-08) and  
• a Notice of Acquisition of an Interest in Land (LTX-Form-01) form. 

More information on trusts and land tax.

Step 1: Gather required information

To complete a nomination you will need:

• details of the trust, including ACN/ABN number
• the purpose of the notification or change
• details of the beneficiary or unitholder.

Step 2: Complete and lodge the notification

When you have completed all information, select 'Submit' to lodge your notification.

Complete the notification (LTX-Trust-19)

Next steps

We will update the trust details based on the information you provide. We will contact you if we require further information. 

Each unitholder or beneficiary may receive an assessment. This includes their beneficial interest in the land and any other land they hold in their own right. The assessment will include a trust deduction for their share of the tax paid under the trust.