INCOME TAX ASSESSMENT ACT 1936

SCHEDULE 2F - TRUST LOSSES AND OTHER DEDUCTIONS  

Division 269 - Concepts and tests applied in Divisions 266 and 267  

Subdivision 269-B - Abnormal trading  

SECTION 269-40   ABNORMAL TRADING - 50% STAKE NOT MAINTAINED  

269-40(1)  
There is an abnormal trading in units in a wholesale widely held trust during a period if the trustee knows or reasonably suspects that the same persons did not hold more than 50% of its units at the beginning and end of the period.

269-40(2)  
For the purposes of other provisions of this Schedule, the abnormal trading occurs immediately before the end of the period.


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