New International Tax Arrangements (Managed Funds and Other Measures) Act 2005 (21 of 2005)
Schedule 1 CGT and foreign residents
Income Tax Assessment Act 1997
4 At the end of section 104-70
Add:
(9) CGT event E4 does not happen for a payment made to a foreign resident to the extent that the payment is reasonably attributable to *ordinary income or *statutory income from sources other than an *Australian source. However, this exception does not apply if the trust is a *corporate unit trust or a *public trading trust.
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