Private ruling: An Australian resident company - Payments to an Australian resident trust
Date of advice: 31 March 2016
Published: May 2016

Ruling: Q3: Is the Australian resident company required to include in its assessable income under section 6-5 of the ITAA 1997, amounts derived from its foreign related entities in respect of payments to the Australian resident trust? Advice/Answers Yes.




Question 1: Is the Australian resident company entitled to claim a deduction payments to the Australian resident trust, under section 8-1 of the Income Tax Assessment Act 1997 ('ITAA 1997')? | Question 2: Is the Australian resident company entitled to claim a deduction for the payments made to the Australian resident trust, under section 230-15 of the ITAA 1997?