Eligible transferor

Generally, an eligible transferor is an Australian entity or a controlled foreign entity that has transferred property or services in certain specified circumstances to a non-resident trust.

Example of an eligible transferor

Entity A, a controlled foreign entity, transfers $10 million for no consideration to a non-resident trust estate (Transferor trust). Entity A is an eligible transferor because of the transfer.

    Last modified: 21 Feb 2012QC 25356