Under s97 ITAA 1936, where a beneficiary of a trust estate who is not under any legal disability is presently entitled to a share of the income of the trust estate, the assessable income of the beneficiary shall include that share of the net income of the trust estate. Prior to the High Court decision in Bamford, what two alternate interpretations of the word share were accepted?

Select one:

a. Proportionate and quantum

b. Quantum and equal

c. Proportionate and calculated

d. Capital and income