Clause 25
Amendment of section 35
of Income Tax (Amendment) Bill
BillNot in forceProvision 25 of 41
Clause 25
Section 35 of the principal Act is amended by inserting, immediately after subsection (15), the following subsection:“(15A) Where a unitholder of a real estate investment trust is entitled to an amount, being a return of capital, from a trustee of the real estate investment trust, the cost of the units to the unitholder shall be reduced by the amount entitled.”.