shopping_cart

Your shopping cart is empty

Section 23AJ v s 23 AI: rumble in the Tax Act.

Publication date: 31 Aug 06 | Source: CCH TAX WEEK

Issue: Issue 34 2006

Pages: pp.1-4

Abstract:
The Tax Office recently released Draft Tax Determination TD 2006/D13. This draft determination considers the application of two tax exemptions, namely s 23AJ and s 23AI of ITAA 1936, which treat certain dividends received from foreign companies as non-assessable non-exempt (NANE) income. These exemptions have a potentailly overlapping operation. Accordingly, as no ordering rules exist in the legislation, issues can arise due to the potential for both exemptions to apply simultaneously to the same foreign dividend.

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

Author profile

Dr Philip Bender ATI
Philip is a barrister at the Victorian Bar practising in federal and state taxation and superannuation. He acts for both taxpayers and revenue authorities and has appeared in a number of leading cases in these fields. Philip is also the author of Bender’s Australian Stamp Duties, a book published by The Tax Institute dealing with stamp duty in all Australian jurisdictions. - Current at 26 June 2019
Click here to expand/collapse more articles by Philip BENDER.