17 Dec 09 Are a private equity entity's disposal gains income? - TD 2009/D18
This draft Taxation Determination was released on 16 December 2009 for public comment by 29 January 2010. Its full title is "Income tax: can a private equity entity make an income gain from the disposal of the target assets it has acquired?" The answer given is Yes. The issue of this draft Taxation Determination follows the much publicised TPG/Myer transaction.
For a copy of TD 2009/D18, go here