Document ID: chunk:federal_register_of_legislation:C2025C00014:section:23ai:p2
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 23AI (pt 2/2)
Character Range: 142163–142730

respect of the trust property referred to in that paragraph—that amount is not assessable income, and is not exempt income, to the extent of the debit.
 (2) This section is to be disregarded for the purposes of applying any other provision of this Act to determine allowable deductions.
 (3) In this section:
attribution account payment has the same meaning as in Part X.
attribution debit has the same meaning as in Part X.
company has the same meaning as in Part X.
trust has the same meaning as in Part X, but does not include a trust covered by subsection 371(7).