Private ruling: Trading trust
Date of advice: 17 July 2025
Published: 15 September 2025

Ruling: Q1: Will the ownership of the chattels (as detailed in the relevant agreements and set out in the facts and circumstances of the Ruling) by the Sub Trusts result in Trust A being a 'trading trust' within the meaning of section 102N of the Income Tax Assessment Act 1936 (ITAA 1936)? | A1: No.