Income Tax Assessment Act 1936
SCHEDULE 2F
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TRUST LOSSES AND OTHER DEDUCTIONS
Division 269
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Concepts and tests applied in Divisions 266 and 267
Subdivision 269-B
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Abnormal trading
SECTION 269-40
ABNORMAL TRADING
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50% STAKE NOT MAINTAINED
269-40(1)
There is an abnormal trading in units in a wholesale widely held trust during a period if the trustee knows or reasonably suspects that the same persons did not hold more than 50% of its units at the beginning and end of the period.
269-40(2)
For the purposes of other provisions of this Schedule, the abnormal trading occurs immediately before the end of the period.
View history note
Hide history noteThere is an abnormal trading in units in a wholesale widely held trust during a period if the trustee knows or reasonably suspects that the same persons did not hold more than 50% of its units at the beginning and end of the period.
269-40(2)
For the purposes of other provisions of this Schedule, the abnormal trading occurs immediately before the end of the period.
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