CTM21180 - ACT: FID: general: election: trustees

ICTA88/S246D (4)

Trustees of an accumulation or discretionary trust receiving an FID were treated as if the same amount of income arose to them as would be treated as received by an individual.»Ê¹ÚÌåÓýapp income was treated:

  • as arising on the date of the payment,
  • as if it had been chargeable to IT at the lower rate.

»Ê¹ÚÌåÓýapp consequences were as for individuals, ICTA88/S246D (2) applying with any necessary modifications.