Anti-avoidance: dividend imputation

Issue: Issue 18 97/98

Pages: pp. 311-315

Abstract:
In the 13 May 1997 Budget the Treasurer announced that measures were to be introduced to prevent franking credit trading arrangements. As part of these measures, the Government expanded Part IVA by introducing a new s 177EA in Tax Laws Amendment Bill (No 7), in December 1997. These rules have now been complemented by holding period proposals which essentially require shares to be held at risk for a period of 45 days or more. The holding period proposals are to be reported in a forthcoming article.

This item is not available for download from this website. Please contact the Tax Institute library for assistance. Charges will apply.

Author profile

Mark Northeast CTA

Mark is a consultant to Pitcher Partners Melbourne. Mark specialises in advising privately owned businesses, and has been an active participant for over 10 years in various ATO forums concerning professional practices. He is currently an external participant member of the ATO’s Professional Firms Working Group. Mark is a regular presenter for The Tax Institute, CPA Australia, the Institute of Chartered Accountants in Australia and the Law Institute of Victorian on professional practice matters. - Current at 30 June 2015

More by Mark NORTHEAST

• ATO views on professional services practices paper - 08-October-2015
• Professional practices structures guidelines paper - 19-February-2015
• Succession planning for professionals paper - 11-October-2012
• The tax issues paper - 20-April-2012
• Workshop 2 - CGT small business concessions and trust audit issues paper - 24-November-2011
• Private charitable giving. - 21-December-2010
• Tax issues for franchisors. - 16-August-2010
• Tax Agent Services regime - what does this mean for tax agents' clients? - 22-June-2010
• Professional practices - state of play paper 1811009 - 09-October-2009
• Professional practices – State of play paper - 09-October-2009
• Trust distributions & trust cloning ban paper - 26-February-2009
• Partnerships of trusts—The practical issues paper - 28-October-2008
• Trust planning techniques paper - 11-April-2006
• Pre-CGT assets and corporate groups paper - 20-September-2005
• The risk of rewards - new tax implications for consumer loyalty rewards. - 01-July-2005
• The risk of rewards: new tax implications for consumer loyalty rewards - 11-March-2005
• Division 7A - subdivision EA and 109XA, XB, XC - The new 109UB seminar paper - 04-March-2004
• The First Head Company Tax Return seminar paper - 18-July-2003
• Consolidation: implications for SME's - 26-November-2002
• Consolidation - implications for SME's - 18-October-2002
• Reorganisations and disposals from within a consolidated group - 21-June-2002
• Consolidations - SMEs - 01-April-2002
• Consolidations: SME's - 14-March-2002
• Capital distributions and company law simplification - 17-August-1998
• Dividend imputation: 45 day rule - 13-April-1998
• Private companies shareholders and associates; new rules for loans, payments and debt forgiveness - 16-February-1998
• Trading stock - 19-January-1998
• Shareholder loans - 13-October-1997
• Demutualisation - 15-September-1997

Click here to expand/collapse more articles by Mark NORTHEAST.