Document ID: chunk:federal_register_of_legislation:C2025C00014:section:102uw
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 102UW
Character Range: 887745–888351

102UW  Application of Division
  This Division applies if:
 (a) the net income of a trust estate exceeds nil; and
 (b) any of the following things are taken into account in working out the net income of the trust estate:
 (i) a capital gain (to the extent that an amount of the capital gain remained after applying steps 1 to 4 of the method statement in subsection 102‑5(1) of the Income Tax Assessment Act 1997);
 (ii) a franked distribution (to the extent that an amount of the franked distribution remained after reducing it by deductions that were directly relevant to it);
 (iii) a franking credit.