Income Tax Assessment Act 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 840 - Withholding taxes  

Subdivision 840-M - Managed investment trust withholding tax  

Operative provisions

SECTION 840-815   Certain income is non-assessable non-exempt income  

840-815(1)    


An amount on which * managed investment trust withholding tax is payable is not assessable income and is not * exempt income of an entity.

840-815(2)    


Subsection (1) does not apply to an Australian resident to the extent that:


(a) *managed investment trust withholding tax is payable on the amount because of subsection 840-805(4D) ; and


(b) the Australian resident is entitled, directly or indirectly, to the amount.



This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.