Assessing Assets where Beneficial Interest Arises
Last amended: 15 July 2008
Effect of beneficial interest on value of assets
Assessment of Assets for Sole Traders
Last updated:1 June 2021
This topic provides information on the following:
Specific (Periodic) Reviews
Last amended: 20 September 2009
Homeowner & Non-Homeowner where Home is owned by a Private Company or Trust
Last amended: 20 March 2012
Individual has an interest in a controlled private company or trust
Situations where an individual is considered to have an interest in a controlled private company or controlled private trust include where they are:
Table of Life Expectancy for Income Streams with a Commencement Day on or after 01/01/2010 to 31/12/2014
Last amended: 15 December 2009
How to use life expectancy tables
The following table shows how to select and use the appropriate life expectancy table in the assessment of an income stream.
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Step |
Action |
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1 |
Primary Production Aggregation Assessment for Sole Traders & Partnerships
Last updated 5 January 2007
When the aggregation rules apply
VEA →
Section 5L(1) VEA
Section 52CA VEA
10.1.2 Income Rates and Definitions
This section contains information on determining the rate of income and income definitions.
Aggregation Assessment of a Controlled Primary Production Private Trust & Company
Aggregation rules
VEA →
VEA → (go back)
Effect of certain liabilities on the value of assets used in primary production
Section 52CA VEA
Assessable Income from Discretionary Trusts pre 01/01/2002
Last amended 17 June 2009
Assessment of income
A person who is a beneficiary of a [glossary:discretionary trust:139], receives income from the trust only when: