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Income tax: if the trustee of a unit trust is 'the owner' of a 'unit of industrial property' (UIP) under Division 10B of Part III of the Income Tax Assessment Act 1936, is a unit holder in that trust entitled to a deduction under Division 10B in respect of that UIP?

Notice of Withdrawal

TD 94/66 explains that a deduction is not available for a unit holder in a unit trust which owns industrial property under Division 10B of Part III of the Income Tax Assessment Act 1936 (ITAA 1936). Only the trustee, as 'the owner' of the UIP, is entitled to a deduction.

TD 94/66 is being withdrawn as Division 10B of Part III of the ITAA 1936 has been repealed.

TD 94/66 has no ongoing relevance and is therefore withdrawn without replacement.

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