INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-25 - PARTICULAR KINDS OF TRUSTS  

Division 275 - Australian managed investment trusts: general  

Subdivision 275-B - Choice for capital treatment of managed investment trust gains and losses  

SECTION 275-105   Covered assets  

275-105(1)  
An asset is covered by this section if it is any of the following:


(a) a *share in a company (including a share in a *foreign hybrid company);


(b) a *non-share equity interest in a company;


(c) a unit in a unit trust;


(d) land (including an interest in land);


(e) a right or option to *acquire or *dispose of an asset of a kind mentioned in paragraph (a), (b), (c) or (d).

275-105(2)  
However, the asset is not covered by this section if it is any of the following:


(a) a *Division 230 financial arrangement;


(b) a *debt interest.


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