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Complete a declaration of trust transaction in DOL Let’s complete a Declaration of Trust Transaction. Hover over the Create tab, and select the transaction type. Here’s where we enter the details of the Trust, including the type of Trust. You can choose from Discretionary, Fixed or Unit. Hybrid and Bare Trust transactions are declared via the SRO Duty Determination process. When you have selected the trust type from the drop down list, enter the name of the trust, and the date of execution. We then need to enter the details of the trustee – we do this by selecting ‘Add a new trustee Enter the details of the trustee – including the address. Then click ok. You can enter comments if you wish. Select ‘estimate’. You will then be presented with a screen summarising the information you have entered, and displaying the amount of duty payable. Select ‘acknowledge.’ Now we have confirmed the duty payable, we need to assign a payment method – EFT, Bpay, or Cheque. Select ‘Commit to Pay’ – a po...
