Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 276.400

What this Subdivision is about

The trustee of an AMIT is liable to pay income tax on certain amounts reflecting under-attribution of income or over-attribution of tax offsets.

Table of sections

Ensuring determined trust components are properly taxed

276-405    Trustee taxed on shortfall in determined member component (character relating to assessable income)

276-410    Trustee taxed on excess in determined member component (character relating to tax offset)

276-415    Trustee taxed on amounts of determined trust component that are not reflected in determined member components

Ensuring unders and overs are properly taxed

276-420    Trustee taxed on amounts of under of character relating to assessable income not properly carried forward

276-425    Trustee taxed on amounts of over of character relating to tax offset not properly carried forward

Commissioner may remit tax under this Subdivision

276-430    Commissioner may remit tax under this Subdivision

Ensuring determined trust components are properly taxed



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