sec.131Trust capital paid or applied to be brought into account

sec.131 Trust capital paid or applied to be brought into account

This section applies if an amount is paid or applied out of relevant capital, or a part of relevant capital is applied, under this division in relation to a beneficiary. The amount paid or applied, or the value of the part applied, as the case may be, must be brought into account as part of the share in the trust property to which the beneficiary is or becomes absolutely or indefeasibly entitled. See, however, section 133 in relation to amounts that are taken not to have been paid or applied. (sec.131-ssec.1) This section applies if an amount is paid or applied out of relevant capital, or a part of relevant capital is applied, under this division in relation to a beneficiary. (sec.131-ssec.2) The amount paid or applied, or the value of the part applied, as the case may be, must be brought into account as part of the share in the trust property to which the beneficiary is or becomes absolutely or indefeasibly entitled. See, however, section 133 in relation to amounts that are taken not to have been paid or applied.