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  • Branch income derived through a partnership or trust



    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    The net income of the partnership or trust is worked out for this purpose as if the branch income, that would have been non-assessable non-exempt if derived directly by the resident company, were non-assessable non-exempt income.

    Last modified: 05 Dec 2006QC 17522