Excluded Assets of Controlled Private Trusts & Controlled Private Companies

Date of effect

This topic has effect to controlled private trusts and controlled private companies from 1 January 2002.

Where an individual (non-controller) makes a genuine capital injection into a private company or unit trust and in return receives shares or units that are commensurate in value with the genuine capital injection, the value of the genuine capital injection is treated as an excluded asset and not attributed to the controller/s of the equity.

Act reference: SSAct section 1208E(2) Excluded assets

Last reviewed: 9 November 2015