Section CD 9 — Income Tax Act 2007: Interests in money or property of foreign unit trust

CD 9 Interests in money or property of foreign unit trust Interest absolutely vested in unit holder (1) If a beneficial interest in money or property of a unit trust that is a foreign company vests absolutely in a unit holder, the money or property is a dividend for the unit holder. Amount of dividend (2) The amount of the dividend is the value of the money or property. Defined in this Act: dividend , foreign company , unit holder , unit trust Compare: 2004 No 35 s CD 7B