CTHRepealedLegislation
Taxation Administration Regulations 1976
38DAmount to be withheld if beneficiary is presently entitled to income of closely held trust
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#### 38D Amount to be withheld if beneficiary is presently entitled to 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 beneficiary’s share of the net income of the trust under subsection 12‑180(2) of the Act is the amount worked out using the formula:
> Note 1: The amount of an entitlement in a financial year is affected by the operation of subsection 12‑180(4) of the Act.
> Note 2: For top rate, see regulation 2.