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INCOME TAX ASSESSMENT ACT 1936 - SECT 95AAB Adjustments under Subdivision 115-C or 207-B of the--references in this Act to assessable income under section 97, 98A or 100

INCOME TAX ASSESSMENT ACT 1936 - SECT 95AAB

Adjustments under Subdivision 115-C or 207-B of the--references in this Act to assessable income under section 97, 98A or 100

  (1)   Subsection   (2) applies if an amount is included in the assessable income of a beneficiary of a trust estate because of Subdivision   115 - C or 207 - B of the Income Tax Assessment Act 1997 .

  (2)   For the purposes of a provision of this Act (other than a provision mentioned in subsection   (3)), treat the amount as being included in the beneficiary's assessable income in relation to the net income of the trust estate under section   97, 98A or 100 (as the case requires).

  (3)   The provisions are as follows:

  (a)   sections   97, 98A (other than subsection   98A(2)) and 100 (other than subsections   100(2) and (3));

  (b)   sections   98, 99 and 99A;

  (c)   Subdivisions   115 - C and 207 - B of the Income Tax Assessment Act 1997 .

  (4)   To avoid doubt, subsection   (2) applies despite subsection   6(1AA).

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