Finance (No. 2) Act 2023 · Updated to 29 Dec 2023 · Chapter II · Amendments to the Income Tax Act 1967
11. Amendment of section 61
Feedback & supportParagraph 61(1)(b) of the principal Act is amended by substituting for the proviso the following provisos:
“Provided that in the case of a unit trust, gains arising from the realization of investments shall be treated as income of the trust body of the trust under paragraph 4(aa):
Provided further that where such realization of investments relates to real property as defined in the Real Property Gains Tax
Act 1976, the gains shall not be treated as income of the trust body of the trust;”.