A T O home
Legal Database
Search   
for 
 
Access the database 
Browse database
Searches  
View last document
Quick access 
View legislation
View a document
Email Cross Reference Material Previous/Next Section Contents Previous/Next Result
Printable version
Printable
version

INCOME TAX ASSESSMENT ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-40 - RULES AFFECTING EMPLOYEES AND OTHER TAXPAYERS RECEIVING PAYG WITHHOLDING PAYMENTS    View history reference

Division 83A - Employee share schemes    View history reference

Subdivision 83A-E - Miscellaneous    View history reference

SECTION 83A-320  Interests in a trust  

 View history reference

83A-320(1)  

This section applies if, at a time:


(a) you hold an interest in a trust whose assets include *shares; and


(b) that interest corresponds to a particular number of the shares (even if the interest does not correspond to particular shares).

83A-320(2)  

For the purposes of this Division, treat yourself as holding at that time a beneficial interest in each of a number of the *shares included in the assets of the trust equal to the number mentioned in paragraph (1)(b).

83A-320(3)  

If there are 2 or more classes of *shares included in the assets of the trust, this section operates separately in relation to each class as if the shares in that class were all the shares included in the assets of the trust.

83A-320(4)  

This section applies to rights to acquire beneficial interests in *shares in the same way it applies to shares.

Note:

For the CGT treatment of employee share schemes, see Subdivision 130-D.


 



This information is provided by CCH Australia Limited. View the disclaimer and notice of copyright.
Top of page
More information on page