IS 12/02
Issued
29 Jun 2012

Income tax - whether income deemed to arise under tax law, but not trust law, can give rise to beneficiary income

This Interpretation Statement sets out the Commissioner's view on whether income deemed to arise under tax law, but not trust law, can give rise to beneficiary income under section HC 6 of the Income Tax Act 2007. The Commissioner's view is that, in some circumstances, deemed income can give rise to beneficiary income under section HC 6.