Income Tax Act 2007 section 782

Meaning of "other person"

Section 782 defines who counts as an "other person" for the purposes of the transactions in land rules in this Chapter, treating certain groups and roles as separate legal persons in their own right.

• A partnership, or individual partners within it, can be treated as a person or persons distinct from the individuals who are currently partners.
• Trustees of settled property can be treated as persons distinct from the individuals who currently serve as trustees.
• Personal representatives can be treated as persons distinct from the individuals who currently act in that capacity.
• These distinctions ensure that the anti-avoidance rules in this Chapter apply broadly, regardless of the legal structure through which a transaction is carried out.