Document ID: chunk:federal_register_of_legislation:C2018C00085:clause:3_6
Version: federal_register_of_legislation:C2018C00085
Segment Type: clause
Provision Reference: sch 3 cl 6
Character Range: 74027–74594

6  After subsection 118‑300(1)
Insert:

Payment to trust beneficiary (or representative) if trustee owns the policy or instrument
 (1A) A *capital gain or *capital loss you make from a *CGT event happening because you receive a *CGT asset from the trustee of a trust is disregarded if:
 (a) you receive the CGT asset as:
 (i) a beneficiary of the trust; or
 (ii) a *legal personal representative of a beneficiary of the trust; and
 (b) the CGT asset is attributable to another CGT event and CGT asset to which table item 3 in subsection (1) applies for the trustee.