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Family Trusts – kids need TFN’s | 3DACCOUNTING
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Family Trusts – kids need TFN’s

family-300x199From 2011 year onwards, all kids under 18 who receive trust distributions will need a TFN. The ATO has been putting out professional media releases and sending letters to trustee companies.

For those of you who are clients I will be doing a project in the new year to ensure this is done for you.