Commonwealth Consolidated Acts Commonwealth Consolidated ActsThe trustee of an AMIT is liable to pay income tax on certain amounts reflecting under - attribution of income or over - attribution of tax offsets.
Table of sections
Ensuring determined trust components are properly taxed
276 - 405 Trustee taxed on shortfall in determined member component (character relating to assessable income)
276 - 410 Trustee taxed on excess in determined member component (character relating to tax offset)
276 - 415 Trustee taxed on amounts of determined trust component that are not reflected in determined member components
Ensuring unders and overs are properly taxed
276 - 420 Trustee taxed on amounts of under of character relating to assessable income not properly carried forward
276 - 425 Trustee taxed on amounts of over of character relating to tax offset not properly carried forward
Commissioner may remit tax under this Subdivision
276 - 430 Commissioner may remit tax under this Subdivision