Assessing attribution income 043-04050010

Policy

Guide to Social Security Law, 4.12, Means Test Treatment of Private Trusts & Private Companies from 01/01/2002

Guide to Social Security Law, 4.12.7.20, Allowable & Non-allowable Deductions

Guide to Social Security Law, 4.12.7, Assessing Income & Distributions of Controlled Private Trusts & Controlled Private Companies

Guide to Social Security Act, 4.12.5, Liabilities of a Controlled Private Trust & Controlled Private Company

Guide to Social Security Law, 4.12.2.10, Attribution Percentages

Guide to Social Security Law, 4.12.2.20, Derivation & Attribution Periods

Legislation

Links to the Federal Register of Legislation site go to a 'Series' page. Select the 'Latest' version.

For a simplified outline of Means Test treatment of private companies and private trusts, see Social Security Act 1991, section 1207, Simplified outline

Social Security Act 1991

• section 1207A, Definitions
• section 1207N, Designated private companies
• section 1207P, Designated private trusts
• section 1207Y, Attribution of income
• section 1208E, Attribution of assets
• section 1208B, Permissible reductions of business and investment income
• section 1073, Certain amounts taken to be received over 12 months

Income Tax Assessment Act 1936

• section 51, Deductions
• section 54(1), Depreciation

Income Tax Assessment Act 1997