INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
(a) a trustee of a trust estate makes an estate taxation statement; and
(b) that statement treated an income tax law as applying in relation to a scheme in a particular way; and
(c) a taxpayer who is or has been a beneficiary of the estate has an estate shortfall excess for a year in relation to the statement; and
(d) the scheme was a tax avoidance scheme within the meaning of section 224 ;
(e) the excess is a tax shortfall of the trustee for that year to which section 226L applies; and
(f) for the purposes of section 226L the statement referred to in paragraph 226L(e) is taken to be the statement referred to in paragraph (a). 226T(2) [Taxpayer in capacity of trustee]
Subsection (1) does not mean that a reference in this Part to a taxpayer does not include a reference to a taxpayer in the capacity of a trustee.
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