Income Tax Assessment Act 1936
SCHEDULE 2F
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TRUST LOSSES AND OTHER DEDUCTIONS
Division 266
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Income tax consequences for fixed trusts of abnormal trading or change in ownership
Subdivision 266-B
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Effect of change in ownership of fixed trust
SECTION 266-15
WHAT THIS SUBDIVISION IS ABOUT
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cannot deduct a tax loss from an earlier income year; or
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has to work out its net income and tax loss for the income year in a special way; or
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cannot deduct certain amounts in respect of debts incurred in the income year or an earlier income year;
View history note
Hide history noteAn ordinary fixed trust:
unless there has been continuity of ownership throughout a particular period or an exception relating to holdings by non-fixed trusts applies.
Note:
The exceptions mentioned in this section apply differently in relation to designated infrastructure project entities: see sections 415-25 and 415-30 of the Income Tax Assessment Act 1997 .
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