Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-25
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PARTICULAR KINDS OF TRUSTS
Division 276
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Australian managed investment trusts: attribution managed investment trusts
Subdivision 276-C
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Taxation etc. of member components
Foreign resident members
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taxation of trustee and corresponding tax offset for members
SECTION 276-110
Refundable tax offset for foreign resident member
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member that is not a trustee
276-110(1)
This section applies if a trustee is assessed and liable to pay income tax under section 276-105 in respect of a *member because of paragraph 276-105(2)(a) or (b). 276-110(2)
The *member is entitled to a *tax offset for the income year equal to the tax paid by the trustee in accordance with subsection 276-105(2) .
View history note
Hide history noteThis section applies if a trustee is assessed and liable to pay income tax under section 276-105 in respect of a *member because of paragraph 276-105(2)(a) or (b). 276-110(2)
The *member is entitled to a *tax offset for the income year equal to the tax paid by the trustee in accordance with subsection 276-105(2) .
Note:
The tax offset is subject to the refundable tax offset rules: see section 67-23 .
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