Income Tax Assessment Act 1997
Amounts related to income and tax offsets of an AMIT, of a particular tax character, are attributed to members of the AMIT on the basis of their determined member components of that tax character.
This attribution does not apply to the extent that amounts have been withheld etc. in relation to those components under Subdivision 12-F , 12-H or 12A-C in Schedule 1 to the Taxation Administration Act 1953 .
The trustee of an AMIT that is not a withholding MIT may be liable to pay income tax in respect of a determined member component of a foreign resident member (including where that member is acting in the capacity of a trustee). As a result, the member may be entitled to a tax offset.
|Taxation etc. of member on determined member components|
|276-80||Member ' s assessable income or tax offsets for determined member components - general rules|
|276-85||Member ' s assessable income or tax offsets for determined member components - specific rules|
|276-90||Commissioner ' s determination as to status of member as qualified person|
|276-95||Relationship between section 276-80 and withholding rules|
|276-100||Relationship between section 276-80 and other charging provisions in this Act|
|Foreign resident members - taxation of trustee and corresponding tax offset for members|
|276-105||Trustee taxed on foreign resident ' s determined member components|
|276-110||Refundable tax offset for foreign resident member - member that is not a trustee|
|Special rule for interposed custodian|
|276-115||Custodian interposed between AMIT and member|