Income Tax Assessment Act 1936
SCHEDULE 2F
-
TRUST LOSSES AND OTHER DEDUCTIONS
Division 269
-
Concepts and tests applied in Divisions 266 and 267
There is an abnormal trading in units in a unit trust (other than a wholesale widely held trust) if more than 20% of the units on issue at the end of any 60 day period were traded during the period. 269-35(2)
For the purposes of other provisions of this Schedule, the abnormal trading occurs at the end of the 60 day period.
Subdivision 269-B
-
Abnormal trading
SECTION 269-35
ABNORMAL TRADING
-
20% OF UNITS TRADED, ISSUED OR REDEEMED OVER 60 DAY PERIOD
269-35(1)
There is an abnormal trading in units in a unit trust (other than a wholesale widely held trust) if more than 20% of the units on issue at the end of any 60 day period were traded during the period. 269-35(2)
For the purposes of other provisions of this Schedule, the abnormal trading occurs at the end of the 60 day period.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.