4.12.7 Assessing Income & Distributions of Controlled Private Trusts & Controlled Private Companies
This section contains information on the assessment of income to a controlled private trust or controlled private company from 1 January 2002. It also contains information on the treatment of distributions of the capital and income of a controlled private trust or controlled private company.
Note: For the income test treatment of general business items also see 188.8.131.52. The assessment for general business items applies to all business structures including sole traders, partnerships, private trusts and private companies.