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-K - Ceasing to be an AMIT  

Operative provisions

SECTION 276-810   Continue to work out trust components, unders, overs etc.  

276-810(1)  
For the purposes of this section, assume that the trust is an *AMIT for the discovery year.

276-810(2)  
If the trust has an *under or *over of a character in the discovery year for an earlier income year when the trust was an *AMIT, work out the extent to which the under or over:


(a) increases the amount of the AMIT ' s *trust component of that character for the discovery year; or


(b) decreases the amount of the AMIT ' s trust component of that character for the discovery year.


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