The notional assessable income of a CFC may include certain trust amounts arising for the CFC in the statutory accounting period. There are three types of trust amounts:
- amounts derived as a beneficiary of a trust estate where the CFC is personally entitled to a share of the net income of the trust estate
- other amounts paid to, or applied for the benefit of, the CFC by the trustee of a trust estate, and
- amounts attributed to the CFC under the transferor trust measures.