s 36
In forceClosely held trust—distribution of income of closely held trust
Part 3Income tax (Chapter 2 in Schedule 1 to the Act)
Division 3Pay as you go (PAYG) withholding—Working out the amount to withhold
Subdivision AWithholding amounts for Subdivision 12‑E
36 Closely held trust—distribution of income of closely held trust
The amount to be withheld by a trustee of a closely held trust from a distribution to a beneficiary of the trust under subsection 12‑175(2) in Schedule 1 to the Act is the product of the amount of the distribution to be made to the beneficiary and the top rate.
Note 1:
The amount of a distribution in a financial year is affected by the operation of subsection 12‑175(4) in Schedule 1 to the Act.
Note 2:
For the threshold for withholding, see section 30.
Research tools for this sectionPro
The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.