Commentary

E1.578 Income towards reducing the national debt

Personal and employment tax

E1.578 Income towards reducing the national debt

Miscellaneous exemptions

E1.578 Income towards reducing the national debt

Where property is held on trust in accordance with the directions that are valid and effective under the Superannuation and Trust Funds (Validation) Act 1927, s 9 income arising from the property, income arising from the accumulation of that income and profits of any description otherwise accruing to the property and liable to be accumulated under the trust are exempt from income tax1.

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial