Disposal of a trust asset (or another cgt event) is likely to result in a capital gain or loss for the trust (unless a beneficiary is absolutely entitled to the asset). What is the capital gains tax rate on a trust? The Ultimate Australia Crypto Tax Guide 2022 Koinly The trustee must pay tax on any undistributed trust income. Trust capital gains tax rate australia . Capital gains tax, in the context of the australian taxation system, is a tax applied to the capital gain made on the disposal of any asset, with a number of specific exemptions, the most significant one being the family home. The trust has no current year capital losses or prior year net capital losses, and the trust made no other capital gains during the income year. However the ato allows income earned from assets in a testamentary trust to. Disposal of a trust asset. Get unlimited capital gain and loss questions answered If you would like help figuring out your tax liability for a trust, contact legalvision...