Business Services Industry
[458] Foreign income in trusts and entitlement to foreign tax credits.
Australasian Business Intelligence, March, 2007
Byline: Lisa Mak
Mar 27, 2007 (Weekly Tax Bulletin - ABIX via COMTEX) -- The Australian Taxation Office (ATO) issued Draft Taxation Ruling TR 2007/D3 on 14 March 2007. The document, on which the ATO is asking for feedback by 27 April 2007, covers foreign income in trusts and entitlement to foreign tax credits, including the conditions under which the trustee of a trust estate can claim a foreign tax credit or is able to apply a surplus foreign tax credit from a previous tax year.
Publication Date: 16 March 2007
AUSTRALIAN TAXATION OFFICE
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