Land Tax Act 2010
sec.18CWhat is a foreign trust
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sec.18C What is a foreign trust
A trust is a foreign trust if at least 50% of the trust interests in the trust are foreign interests. In this section— foreign interest means— a trust interest of an individual who is not an Australian citizen or permanent resident; or a trust interest of a foreign company; or a trust interest of a trustee of a foreign trust; or a trust interest held by a related person of a person mentioned in any of paragraphs (a) to (c) . s 18C ins 2019 No. 20 s 14 (sec.18C-ssec.1) A trust is a foreign trust if at least 50% of the trust interests in the trust are foreign interests. (sec.18C-ssec.2) In this section— foreign interest means— a trust interest of an individual who is not an Australian citizen or permanent resident; or a trust interest of a foreign company; or a trust interest of a trustee of a foreign trust; or a trust interest held by a related person of a person mentioned in any of paragraphs (a) to (c) .
- (a) a trust interest of an individual who is not an Australian citizen or permanent resident; or
- (b) a trust interest of a foreign company; or
- (c) a trust interest of a trustee of a foreign trust; or
- (d) a trust interest held by a related person of a person mentioned in any of paragraphs (a) to (c) .