An AMIT's trust component of a particular character is worked out on the basis of the AMIT's assessable income, exempt income, non - assessable non - exempt income and tax offsets (on the assumption that the AMIT were an Australian resident liable to pay tax).
An AMIT's determined trust component of a particular character is the amount stated to be its trust component of that character in a document that meets certain requirements.
Table of sections
Trust - level concepts
276 - 255 Meaning of determined trust component
276 - 260 Meaning of trust component
276 - 265 Rules for working out trust components--general rules
276 - 270 Rules for working out trust components--allocation of deductions