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  • Application of the rules to interests in partnerships and trusts

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    If you have interests in partnerships and trusts which hold shares, the holding period rule and the related payments rule apply to your interests in the partnership or trust in the same way that the rules apply to shares you own directly. Therefore, the partner or beneficiary has to hold their interest in the partnership or trust at risk for the required period. The related payments rule will apply if they are not holding their interest in the partnership or trust at risk and they have an obligation to pass on their share of net income of the partnership or trust which is attributable to the franked dividend.

    Last modified: 05 Dec 2006QC 16138