CTHRepealedLegislation
Taxation Administration Regulations 1976
38CAmount to be withheld from distribution of income of closely held trust
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#### 38C Amount to be withheld from distribution of income of closely held trust
For subsection 15‑10(2) of the Act, the amount to be withheld by a trustee of a closely held trust from a distribution to a beneficiary of the trust under subsection 12‑175(2) of the Act is the amount worked out using the formula:
> Note 1: The amount of a distribution in a financial year is affected by the operation of subsection 12‑175(4) of the Act.
> Note 2: For top rate, see regulation 2.