- Corporate Unit Trust
Corporate Unit TrustVersion: 9.8.2
A corporate unit trust is a trust:
- that qualifies as a public unit trust
- formed under an arrangement whereby a business or property previously carried on or owned by a company is transferred to the unit trust and the shareholders of the company are entitled to take up units in the unit trust, and
- that is either a resident unit trust or was a corporate unit trust in a previous income year.