Legislation

ITAA 1936 s 128B(1), (2) and (2B) form part), a beneficiary who is presently entitled to a dividend, interest or royalty included in the income of a trust estate is deemed to have derived that dividend, interest or royalty at the time of present entitlement, ensuring that this income retains the character of a dividend, interest or royalty when the trust income is distributed to the beneficiary (subsection 128A(3)

ATO documents that consider ITAA 1936 s 128B(1), (2) and (2B) form part), a beneficiary who is presently entitled to a dividend, interest or royalty included in the income of a trust estate is deemed to have derived that dividend, interest or royalty at the time of present entitlement, ensuring that this income retains the character of a dividend, interest or royalty when the trust income is distributed to the beneficiary (subsection 128A(3)