Income Tax Assessment Act 1936
SCHEDULE 2F
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TRUST LOSSES AND OTHER DEDUCTIONS
Division 269
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Concepts and tests applied in Divisions 266 and 267
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) .
Subdivision 269-D
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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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