Document ID: chunk:federal_register_of_legislation:C2004C00958:clause:2_102aazb
Version: federal_register_of_legislation:C2004C00958
Segment Type: clause
Provision Reference: sch 2 cl 102AAZB
Character Range: 787081–787507

102AAZB  General modifications—CGT

  For the purposes of applying this Act in calculating the attributable income of a trust estate, Parts 3‑1 and 3‑3 of the Income Tax Assessment Act 1997 (about CGT) apply as if:

 (a) sections 118‑12 (about assets used to produce exempt income) and 136‑45 (about a trust becoming a resident trust) were disregarded; and

 (b) the trust estate were a resident trust for CGT purposes.