4.12.7 Assessing Income & Distributions of Controlled Private Trusts & Controlled Private Companies

Introduction

This section contains information on the assessment of income to a controlled private trust or controlled private company from 1 January 2002. It also contains information on the treatment of distributions of the capital and income of a controlled private trust or controlled private company.

Note: For the income test treatment of general business items also see 4.7.1.20 Assessment of Income for Sole Traders & Partnerships. The assessment for general business items applies to all business structures including sole traders, partnerships, private trusts and private companies.

In this section

This section contains the following topics:

4.12.7.10 Income Attribution

4.12.7.20 Allowable & Non-allowable Deductions

4.12.7.30 Transfers of the Capital of a Private Trust or Private Company

4.12.7.40 Distributions of the Income of a Private Trust or Private Company to an Attributable Stakeholder

4.12.7.50 Distributions of the Income of a Private Trust or Private Company to a Non-attributable Stakeholder

4.12.7.60 Assessment of Other Income from a Private Trust or Private Company

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Last reviewed: 6 September 2010