INCOME TAX RATES ACT 1986

PART III - RATES OF INCOME TAX PAYABLE UPON INCOMES OF COMPANIES, PRESCRIBED UNIT TRUSTS, SUPERANNUATION FUNDS, CERTAIN OTHER TRUSTS AND SOVEREIGN ENTITIES  

SECTION 28A   28A   RATES OF TAX PAYABLE BY TRUSTEES OF AMITs UNDER PARAGRAPH 276-105(2)(b) or (c) OF THE INCOME TAX ASSESSMENT ACT 1997  


The rates of tax payable by a trustee of an AMIT under paragraph 276-105(2)(b) or (c) of the Income Tax Assessment Act 1997 are:


(a) if paragraph 276-105(2)(b) of the Income Tax Assessment Act 1997 applies - the rate specified in paragraph 23(2)(b) of this Act; and


(b) if paragraph 276-105(2)(c) of that Act applies - the maximum rate specified in column 3 of the table applicable to the year of income in Part II of Schedule 7 to this Act that applies for the year of income.

Note:

If paragraph 276-105(2)(a) of the Income Tax Assessment Act 1997 applies, see subsection 12(6A) .




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