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-C - Taxation etc. of member components  

Taxation etc. of member on determined member components

SECTION 276-100   Relationship between section 276-80 and other charging provisions in this Act  

276-100(1)  
This section applies if:


(a) an amount is included in the assessable income of a *member of an *AMIT in respect of an income year in respect of the member ' s interest in the AMIT; and


(b) that amount is so included otherwise than because of the operation of subsection 276-80(2) .

276-100(2)  
Reduce the amount included in the assessable income of the *member as mentioned in subsection (1) to the extent (if any) that a corresponding amount is included in the assessable income of the member in respect of the member ' s interest in the *AMIT because of the operation of subsection 276-80(2) .

276-100(3)  
To avoid doubt, this section is subject to section 230-20 (financial arrangements).


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