The object of this section is to adjust the discount percentage so as to deny a trustee a discount for a *capital gain for which the trustee is liable:
(a) to be assessed; and
(b) to pay tax;
under section 98 of the Income Tax Assessment Act 1936 in relation to the trust estate in respect of a beneficiary to the extent that the beneficiary was a foreign resident or *temporary resident.
This section applies to a *discount capital gain of a trust estate if:
(a) you are the trustee of that trust; and
(b) section 115-220 applies to you in relation to the discount capital gain and a beneficiary of the trust who is an individual.
The percentage resulting from this section is the same as the *discount percentage for the corresponding *discount capital gain the beneficiary would have made for the purposes of Division 102 had section 115-215 applied to the beneficiary.