Income Tax Assessment Act 1936

SCHEDULE 2F - TRUST LOSSES AND OTHER DEDUCTIONS  

Division 271 - Family trust distribution tax  

SECTION 271-35  

271-35   AVOIDANCE OF DOUBLE-COUNTING  

If, after conferring a present entitlement to income or capital as mentioned in paragraph 271-15(1)(b) , 271-20(1)(b) , 271-25(1)(b) or 271-30(1)(b) , the trust, partnership or company concerned distributes the income or capital in satisfaction of the entitlement, the distribution is disregarded for the purposes of that paragraph.