Here is a quick post on some information on working out the assessment codes, which isn’t as obvious.
Work from left to right.
| Age | First | Second | Trust Assessment Code |
| child | prescribed person (102AC) – the person is less than 18 years of age on the last day of the year of income and the person is not an excepted person in relation to the year of income | excepted assessable income (102AE) – employment income or business income | 26 – a prescribed person receiving excepted income only |
| eligible assessable income (102AE) – not excepted assessable income (income from investments) | 27 – a prescribed person receiving eligible income only | ||
| excepted person (102AC) – the minor was engaged in a full-time occupation on the last day of the year of income; | 25 – over 18 years of age and under a legal disability or an excepted person | ||
| adult | 30 – not under any legal disability |
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