Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-25 - PARTICULAR KINDS OF TRUSTS  

Division 276 - Australian managed investment trusts: attribution managed investment trusts  

Subdivision 276-B - Member ' s vested and indefeasible interest in share of income and capital of AMIT  

Guide to Subdivision 276-B

SECTION 276-50   What this Subdivision is about  


An AMIT for an income year is treated as a fixed trust. A member of the AMIT in respect of the income year is treated as having a vested and indefeasible interest in a share of the income and capital of the AMIT throughout the income year.


TABLE OF SECTIONS
TABLE OF SECTIONS
Operative provisions
276-55 AMIT taken to be fixed trust and member taken to have vested and indefeasible interest in income and capital


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