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-A
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Overview of this Division
SECTION 266-5
WHAT THIS DIVISION IS ABOUT
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for an ordinary fixed trust, the event is a change in ownership (subject to a non-fixed trust exception);
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for an unlisted widely held trust, the event is an abnormal trading in its units, or the end of an income year, together with a change in ownership;
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for a listed widely held trust, the event is an abnormal trading in its units, together with a change in ownership and business;
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for an unlisted very widely held trust or a wholesale widely held trust, the event is an abnormal trading in its units, together with a change in ownership.
View history note
Hide history noteThis Division is about the income tax consequences, for various kinds of fixed trusts, of certain events:
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