25 May 06 Consolidation: assessability of profit received on disposal of membership interests in subsidiary - TD 2006/36This final Taxation Determination was issued on 24 May 2006. It was previously released in draft form as TD 2005/D31: see 2005 TAXVINE No 31 (15) (12 August 2005). Its full title is "Income tax: consolidation: can the profit received on the disposal of membership interests in a subsidiary member of a consolidated group be income according to ordinary concepts?" The answer given is Yes.
For a copy of TD 2006/35, go here