Commonwealth Numbered Regulations

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TAXATION ADMINISTRATION REGULATIONS 2017 (F2017L01227) - REG 36

Closely held trust--distribution of income of closely held trust

                   The amount to be withheld by a trustee of a closely held trust from a distribution to a beneficiary of the trust under subsection 12-175(2) in Schedule 1 to the Act is the product of the amount of the distribution to be made to the beneficiary and the top rate.

Note 1:       The amount of a distribution in a financial year is affected by the operation of subsection 12-175(4) in Schedule 1 to the Act.

Note 2:       For the threshold for withholding, see section 30.



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