Details
For trusts, a Distribution is a payment made to the Trust Beneficiaries or Unitholders.
In CAS 360, Distributions can be added to Discretionary Trusts.
For more information on Unit Trust Distributions, click here.
Navigation
| From the Main Toolbar, go to Trust |
|
| Select the Trust from the list. |
|
| Select Beneficiaries |  |
Click 
And select Add Distribution
Instructions
CAS 360 will display the Add Discretionary Distribution screen.
|
Field
|
Explanation
|
|---|---|
| Date Declared |
Date the distribution declared by the company directors Toggle ON to use the date declared as the document date |
| Currency | The Currency the Distribution is paid in |
| Distribution Type |
Select either $ or % or Free Text. If selecting Distribution by %, ensure the final Combined Total % equals 100% |
| Beneficiaries |
Under Beneficiaries, begin typing the Beneficiary's name. CAS 360 will begin searching the Global Contact screen for the contact. |
| Capital |
Enter the Capital Income amount |
| Income |
Enter the amount of other Income |
| Dividends - Franked |
Enter the Dividend Income amount |
| Dividends - Unfranked | Enter the Dividend Income amount |
| Total | The total sum of the income amounts entered for the beneficiary. |
Click 
to add another column. Users can select from up to 24 tax return components.
Click 
to Delete a Beneficiary or column from the screen
Click 