Corporate Unit TrustVersion: 9.9.7

A corporate unit trust is a trust:

  • that qualifies as a public unit trust
  • formed under an arrangement whereby a business or property previously carried on or owned by a company is transferred to the unit trust and the shareholders of the company are entitled to take up units in the unit trust, and
  • that is either a resident unit trust or was a corporate unit trust in a previous income year.
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