TAXATION ADMINISTRATION REGULATIONS 1976 [REPEALED]

PART 5 - PAY AS YOU GO WITHHOLDING  

Division 3A - Withholding arrangements - closely held trusts  

REGULATION 38C   38C   AMOUNT TO BE WITHHELD FROM DISTRIBUTION OF INCOME OF CLOSELY HELD TRUST  
For subsection 15-10(2) of the Act, the amount to be withheld by a trustee of a closely held trust from a distribution to a beneficiary of the trust under subsection 12-175(2) of the Act is the amount worked out using the formula:


distribution to be made to the beneficiary   ×   top rate

Note 1:

The amount of a distribution in a financial year is affected by the operation of subsection 12-175(4) of the Act.

Note 2:

For top rate , see regulation 2 .




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