INCOME TAX RATES ACT 1986

Schedules

SCHEDULE 10 - RATES OF TAX PAYABLE BY A TRUSTEE UNDER SECTION 98 OR 99 OF THE ASSESSMENT ACT  

Subsection 12(6)


PART I - RESIDENT BENEFICIARIES AND RESIDENT TRUST ESTATES  

SECTION 1.   1.  
In the case of a trustee who is liable to be assessed and to pay tax -


(a) under section 98 of the Assessment Act in respect of a share of a resident beneficiary of the net income of a trust estate; or


(b) under section 99 of the Assessment Act in respect of the net income or part of the net income of a resident trust estate, being the net income or part of the net income of the estate of a deceased person who died less than 3 years before the end of the year of income;

the rate of tax in respect of that share of the net income or that net income or that part of that net income is the rate that would be payable under Part I of Schedule 7 if one individual were liable to be assessed and to pay tax on that income as his or her taxable income.




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