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Exempt attributable taxpayer

Last updated 26 May 2005

An attributable taxpayer of a transferor trust or controlled foreign trust is not taxed under the FIF measures because they are attributed income from the foreign trust under other provisions of the ITAA 1936. See Exemption for attributable taxpayers in chapter 3. [sections 102AAA, 102 AAZG, 342, 348 and 493]