Changes to the eligible investment business rules.
16 Oct 08 |
CCH TAX WEEK
Issue: Issue 40 2008
The proposed changes to the eligible investment business rules contained in Sch 5 of the Tax Laws Amendment (2008 Measures No 5) Bill 2008 are a consequence of the federal Government's 2008 Budget announcement in respect of managed funds. The changes are intended to modernise and streamline the rules in Div 6C of ITAA 1936 that can operate to classify certain widely held trusts as trading trusts with the consequence that they are generally treated like companies for income tax purposes.
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Julian Cheng, ATI, is a partner in Pitcher
Partner’s tax practice. He has over 20
years experience advising multinationals
and investment funds on Australian and
international tax issues with a focus on
mergers and acquisitions, divestments,
financing and corporate reorganisations.
- Current at
27 August 2018
Joe is a Corporate Tax Partner with the Deloitte
Real Estate Group. He has over 15 years of corporate tax
experience with a particular emphasis on advising property
groups, including listed and unlisted funds, large multinational
property groups and offshore investors. He has advised in
respect of a number of significant tax consolidation projects for
property groups, including considering the impact of the recent
amendments to the tax cost setting rules. Joe is also an active
member of the Property Council of Australia’s Income and
International Tax Working Group.
- Current at
17 February 2011