Recording attribution income 043-04050020

Policy

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

Social Security Guide 4.12.7.20 Allowable & non-allowable deductions

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

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

Legislation

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Social Security Act 1991

• section 1207, Simplified outline
• section 1207A, Definitions
• section 1207P, Designated private trusts
• section 1207N, Designated private companies
• section 1207Y, Attribution of income
• section 1208B, Permissible reductions of business and investment income

Income Tax Assessment Act 1936

• section 51, Losses and outgoings
• section 54(1), Depreciation

Income Tax Assessment Act 1997