Legislation

ITAA 1936 s 221YHF(3)(b) the trustee is entitled to a PPS credit where the trustee is assessable under sub-section 98(1)

ATO documents that consider ITAA 1936 s 221YHF(3)(b) the trustee is entitled to a PPS credit where the trustee is assessable under sub-section 98(1)

1 document

TD 93/D124 (Finalised)replacedTD

Income tax: where a trustee is assessed under sub-section 98(1) of the Income Tax Assessment Act 1936 (ITAA) and the income of the trust includes prescribed payments, are both the resident beneficiary of the trust who is under a legal disability, as well as the trustee, entitled to Prescribed Payments System (PPS) credits?