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  

Foreign resident members - taxation of trustee and corresponding tax offset for members

SECTION 276-110   Refundable tax offset for foreign resident member - 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) .

Note:

The tax offset is subject to the refundable tax offset rules: see section 67-23 .


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