Income Tax (Transitional Provisions) Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-25 - PARTICULAR KINDS OF TRUSTS  

Division 276 - Attribution managed investment trusts  

Subdivision 276-T - Becoming an AMIT: unders and overs  

SECTION 276-700  

276-700   Application of Subdivision to MIT that becomes AMIT  

This Subdivision applies if:

(a) a managed investment trust becomes an AMIT for the starting income year; and

(b) the trust existed in an earlier income year (the base year ); and

(c) the trust is an AMIT for an income year (the discovery year ) that is the starting income year or a later income year.