Document ID: chunk:federal_register_of_legislation:C2010C00635:clause:3_7:p2
Version: federal_register_of_legislation:C2010C00635
Segment Type: clause
Provision Reference: sch 3 cl 7 (pt 2/2)
Character Range: 25280–26166

the trustee of the trust owns units or interests in another of the trusts; or
 (b) the trustee of another of the trusts owns units or interests in the trust.

104‑72  Reducing your capital gain under CGT event E4 if you are a trustee

 (1) A *capital gain you make under subsection 104‑70(4) is reduced if:
 (a) you are the trustee of another trust that is a *fixed trust and is not a *complying superannuation entity; and
 (b) you are taken to have a *capital gain under paragraph 115‑215(3)(b) or (c) (your notional gain) in respect of a corresponding trust gain (the trust gain); and
 (c) some or all (the attributable amount) of the total of the non‑assessable parts referred to in subsection 104‑70(4) is attributable to proceeds from the trust gain.

 (2) The *capital gain is reduced (but not below 0) by the lesser of:
 (a) your notional gain; and
 (b) the attributable amount.