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HOW DOES THE INSTALMENT RATE WORK FOR PARTNERSHIPS AND TRUSTS?

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HOW DOES THE INSTALMENT RATE WORK FOR PARTNERSHIPS AND TRUSTS?

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A partnership or trust (that is not taxed as an business) is not liable to pay PAYG instalments and is not issued with an instalment rate. The partners, beneficiaries or trustees may be liable to pay PAYG instalments.

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