Tax and Superannuation Laws Amendment (2015 Measures No. 2) Act 2015 (130 of 2015)

Schedule 3   Instalment trusts

Income Tax (Transitional Provisions) Act 1997

6   Before Division 242

Insert:

Division 235 - Particular financial transactions

Table of Subdivisions

235-I Instalment trusts

Subdivision 235-I - Instalment trusts

Table of sections

235-810 Application of Subdivision 235-I of the Income Tax Assessment Act 1997

235-810 Application of Subdivision 235-I of the Income Tax Assessment Act 1997

Subdivision 235-I of the Income Tax Assessment Act 1997 applies to assets acquired by the trustee of an instalment trust in:

(a) the 2007-08 income year; or

(b) a later income year.