Distribution of the Income of a Private Trust or Company to an Attributable Stakeholder
VEA →
Disposal of income by company or trust
Section 52ZZZC VEA
Disposal of ordinary income
Section 48 VEA
Treatment of Assessable Assets - Private & Unlisted Public Companies - Not Assessed under New T & C Rules
Treatment of assessable assets
The following table describes the treatment of assessable assets and provides references to further information, if appropriate.
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Policy Library - Assets
Assessable Income & Assets from Primary Production
Last updated 5 January 2007
Assessment for primary production
Rate of Income - Couples, Blind Pensioners and Children
Couples
Being a [glossary:member of a couple:84] affects treatment of income. It is important to verify a pensioner's status as a [glossary:member of a couple:84] before determining their rate.
Assessable Income and Assets from Statutory Trusts pre 01/01/2002
Assessment of income
The following table describes the assessment of income from [glossary:statutory trusts:49].
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If money is held by a public trustee or similar body... |
Then... |
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on behalf of an individual person |
the interest generated by its investment is the person's income. This is regardless of whether individual investment accounts are maintained or whether the property is held in a 'common fund'. |
Overpayment relating to a Controlled Private Trust or Company
General provisions
VEA →
VEA → (go back)
Secretary may require notification of an event or change of circumstances
Section 54 VEA
Return of Purchase Price and Deprivation
Last amended: 10 March 2011