Section 99B and the Temple of Doom
Published Date: 20 Jun 2024
Section 99B of the Income Tax Assessment Act 1936 (Cth) is a provision that was introduced in 1979 to remedy a perceived deficiency in the way Div 6 operated. It does its work, if triggered, by making an amount received from a trust taxable when the amount is not otherwise caught by the “standard” trust rules involving present entitlement or is not an amount that has been Frame the future taxed in some other way.
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- Published By: Kaitilin Lowdon ATI, Jonathan Ortner
- Published On:20 Jun 2024
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