Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 276.250

What this Subdivision is about

An AMIT's trust component of a particular character is worked out on the basis of the AMIT's assessable income, exempt income, non - assessable non - exempt income and tax offsets (on the assumption that the AMIT were an Australian resident liable to pay tax).

An AMIT's determined trust component of a particular character is the amount stated to be its trust component of that character in a document that meets certain requirements.

Table of sections

Trust - level concepts

276 - 255   Meaning of determined trust component

276 - 260   Meaning of trust component

276 - 265   Rules for working out trust components--general rules

276 - 270   Rules for working out trust components--allocation of deductions


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