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Alternative assets insights: ATO guidance on non-concessional MIT income

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Published on 01 Aug 19 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

On 26 June 2019, the Australian Taxation Office issued guidance in the form of a draft law companion ruling LCR 2019/D2 (the draft LCR) on the concept of “non-concessional MIT income” (NCMI) on which a withholding tax rate of 30% applies to fund payments made by a managed investment trust (MIT) from 1 July 2019, unless transitional rules apply.

Author profiles

Christina Sahyoun
Christina is a Tax Director at PwC with significant experience in advising a number of domestic and international investors and Government entities in relation to transactions in the economic and social infrastructure, energy, utilities and transport sectors. - Current at 19 November 2020
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Wei-Ee Cheah
Wei-Ee is a Director with PwC. - Current at 04 September 2019
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John Scotland
John is a Director with PwC. - Current at 04 September 2019

 

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