When NRAS rent flows indirectly to an entity

NRAS rent is taken to flow indirectly in an income year to a partner in a partnership, a beneficiary of a trust or the trustee of a trust if all of the following apply:

  • the NRAS rent is derived by the partnership or trustee of the trust, or flows indirectly to the partnership or to the trustee as a partner or beneficiary
  • one of the following conditions is satisfied  
  • the entity's share of the NRAS rent as calculated is a positive amount - that is, the entity must be entitled to part or all of the NRAS rent.

NRAS rent will be taken to flow indirectly to either a beneficiary or a trustee of a trust but not to both.

    Last modified: 30 Jul 2015QC 21519