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Trustee taxable under s99A

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Trustee taxable under s99A

I have a trust which has no beneficiaries who are presently entitled to a distribution in the 2021 year.  The trust made discounted capital gains, however under s99A the discounted gain has to be grossed up.  How do I show this in the income tax return?

Following is an extract from the ATO, where the trusee is assessed under s99A:

If the trustee is assessed under section 99A of the ITAA 1936 and the assessment relates to a discount capital gain or a share of a discount capital gain, the trustee must double the corresponding amount assessed to them under section 99A of the ITAA 1936. The same applies if the assessment relates to a capital gain that was reduced by the small business 50% reduction. If the capital gain was reduced by both discounts, the trustee must quadruple the amount assessed under section 99A. These requirements to double or quadruple the amount don't apply where the trustee is assessed under section 99 of the ITAA 1936.

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