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-D - Pattern of distributions test  

SECTION 269-85   ARRANGEMENTS TO PASS PATTERN OF DISTRIBUTIONS TEST  

269-85(1)  
The trust is taken for the purposes of section 269-60 not to have distributed, directly or indirectly to an individual, and for the individual ' s own benefit, a share of a test year distribution of income or capital of the trust if the condition in subsection (2) is met.

269-85(2)  
The condition is that an arrangement was entered into where:


(a) the arrangement in some way (directly or indirectly) related to, affected or depended for its operation on the share or its value; and


(b) the purpose, or one of the purposes, of the arrangement was to ensure that the trust would meet the condition in subsection 267-30(2) .


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