250‑15 Things that are jointly held250‑15 Things that are jointly held

#### 250‑15 Things that are jointly held The \*MRRT law applies to a thing referred to in subsection 250‑5(2) (the underlying thing) that an \*entity \*holds, and that is also held by one or more other entities, as if each entity’s interest in the thing were itself the underlying thing. > Note: Partners do not hold partnership assets: see subsection 250‑5(1) and table item 7 in section 40‑40 of the Income Tax Assessment Act 1997.