Document ID: chunk:federal_register_of_legislation:F2025C00013:reg:36
Version: federal_register_of_legislation:F2025C00013
Segment Type: reg
Provision Reference: reg 36
Character Range: 47483–48011

36  Closely held trust—distribution of income of closely held trust
  The amount to be withheld by a trustee of a closely held trust from a distribution to a beneficiary of the trust under subsection 12‑175(2) in Schedule 1 to the Act is the product of the amount of the distribution to be made to the beneficiary and the top rate.
Note 1: The amount of a distribution in a financial year is affected by the operation of subsection 12‑175(4) in Schedule 1 to the Act.
Note 2: For the threshold for withholding, see section 30.