Income Tax Assessment Act 1936
PART III
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LIABILITY TO TAXATION
Division 6D
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Provisions relating to certain closely held trusts
Subdivision B
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Interpretation
SECTION 102UI
102UI
TAX-PREFERRED AMOUNT
The expression tax-preferred amount of a trust means:
(a) income of the trust that is not included in its assessable income in working out its net income; or
(b) capital of the trust.
View history note
Hide history noteThe expression tax-preferred amount of a trust means:
(a) income of the trust that is not included in its assessable income in working out its net income; or
(b) capital of the trust.
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