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-J - Debt-like trust instruments  

Guide to Subdivision 276-J

SECTION 276-500   What this Subdivision is about  


A debt-like trust instrument in an AMIT is treated as a debt interest in the AMIT. A distribution in relation to the instrument is treated as interest for the purposes of provisions relating to interest withholding tax, and may be treated as a deduction in working out the trust components of the AMIT.


TABLE OF SECTIONS
TABLE OF SECTIONS
Operative provisions
276-505 Meaning of debt-like trust instrument
276-510 Debt-like trust instruments treated as debt interests etc.
276-515 Distribution on debt-like trust instrument could be deductible in working out trust components


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