INCOME TAX ASSESSMENT ACT 1997 - SECT 115.227 Share of a capital gain
INCOME TAX ASSESSMENT ACT 1997 - SECT 115.227
Share of a capital gainAn entity that is a beneficiary or the trustee of a trust estate has a share of a * capital gain that is the sum of:
(a) the amount of the capital gain to which the entity is * specifically entitled; and
(b) if there is an amount of the capital gain to which no
beneficiary of the trust estate is specifically entitled, and to which the
trustee is not specifically entitled--that amount multiplied by the
entity's * adjusted Division 6 percentage of the income of the
trust estate for the relevant income year.