Section HC 20 — Income Tax Act 2007: Distributions from complying trusts

HC 20 Distributions from complying trusts An amount that a person derives in an income year is exempt income of the person under section CW 53 (Distributions from complying trusts) if— (a) the amount is a distribution from a complying trust other than a community trust; and (b) the amount is not beneficiary income. Defined in this Act: amount , beneficiary income , community trust , complying trust , distribution , exempt income , income year , Compare: 2004 No 35 s HH 3(5)