Income Tax Assessment Act 1997
A *capital gain you make under subsection 104-70(4) is reduced if:
(a) you are the trustee of another trust that is a *fixed trust and is not a *complying superannuation entity; and
(b) you are taken to have a *capital gain under paragraph 115-215(3)(b) or (c) (your notional gain ) in respect of a corresponding trust gain (the trust gain ); and
(c) some or all (the attributable amount ) of the total of the non-assessable parts referred to in subsection 104-70(4) is attributable to proceeds from the trust gain. 104-72(2)
The *capital gain is reduced (but not below 0) by the lesser of:
(a) your notional gain; and
(b) the attributable amount.
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