(1) Subject to this Division, the chargeable income of any person shall be charged to tax in the name of that person.
(2) Where, under this Division, any income which has accrued to one person is deemed to have accrued to some other person, such income shall be included in the assessable income of that other person and the chargeable income, if any, ascertained therefrom shall be charged to tax in the name of that other person.