The Australian Taxation Office (ATO) has announced the release of the Law Companion Ruling 2020/2 – Non-concessional managed investment trust (MIT) income, which is effective from 1 July 2019 for those who rely on it in good faith.
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LCR Non-concessional MIT income released
We have released the Law Companion Ruling 2020/2 – Non-concessional managed investment trust (MIT) income.
The Ruling deals with the interpretation of the Treasury Laws Amendment (Making Sure Foreign Investors Pay…