Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1936 - SECT 102UU

Trustee beneficiary may quote tax file number to trustee of closely held trust

    A trustee beneficiary in respect of:

  (a)   a share of the net income of a closely held trust for a year of income that is included in the assessable income of the trustee beneficiary of the trust under section   97; or

  (b)   a share of a tax - preferred amount of a closely held trust to which the trustee beneficiary of the trust is presently entitled at the end of a year of income;

may quote his or her tax file number to the trustee of the closely held trust in connection with that trustee making a correct TB statement about that share.

Note:   Section   8WA of the Taxation Administration Act 1953 makes it an offence for a person to require or request another person to quote the other person's tax file number unless provision is made by a taxation law for the other person to quote the number.


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