INCOME TAX ASSESSMENT ACT 1936

PART III - LIABILITY TO TAXATION  

Division 6D - Provisions relating to certain closely held trusts  

Subdivision B - 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.


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