What is a non trading trust
Grantor trusts and non-grantor trusts are the two main types of funded trusts, trusts that hold assets. The type of trust you’re administering determines whether you must file Form 1041 for the trust, or declare all items of income and deduction on the grantor’s Form 1040. INVESTMENT TRUSTS/ NON TRADING TRUSTS TRUST NAME: INFORMATION REQUIRED FOR 31 MARCH 2019 Please answer ALL questions. Where lists of information attach a separate schedule. If you require any assistance, please give us a call. Please advise if you would prefer us to visit you and collect your records. 1. But what i really meant is it possible to have a Family Trust to own a property that is not receiving rental/any income and not claiming any tax deduction/interest/expenses. So this property will just sit in the trust and do nothing basically. Is this acceptable by ATO.