31 Jul 088 Is a Deferred Purchase Agreement warrant a traditional security? - TD 2008/21This final Taxation Determination was issued on 30 July 2008. It was previously released in draft form as TD 2008/D4: see 2008 TAXVINE No 11 (17) (28 March 2008). Its full title is "Income tax: is a Deferred Purchase Agreement warrant, an investment product offered by financial institutions, a traditional security for the purposes of ss 26BB and 70B of ITAA 1936?" The answer given is No.
As a result of the issue of TD 2008/21, TR 96/14 (Income tax: traditional securities) has been amended.
For a copy of TD 2008/21, go here
For a copy of TR 96/14A2, go here