4/2/2023 0 Comments Stapled securities![]() the amount of assessable income is, or is attributable to, an amount that is derived, received or made directly or indirectly through interposed entities from an operating entity under a cross staple arrangement.the MIT has an amount of assessable income for that income year.Therefore, the lease entered between Asset Trust and Op Co is a cross staple arrangement.Įnd of example What is MIT cross staple arrangement income?Ī MIT will have an amount of MIT cross staple arrangement income in relation to an income year if:. ![]() Investor A and B, which are entities that are not parties to the cross staple arrangement, together hold 100% of the participation interests in Asset Trust and Op Co.Investor B holds 70% of the units in Asset Trust and 70 per cent of the shares in Op Co. ![]()
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