23 Aug 077 Is a share a convertible interest for s 974-75(1) purposes? - TD 2007/26This final Taxation Determination was issued on 22 August 2007. It was previously released in draft form as TD 2007/D3: see 2007 TAXVINE No 11 (28) (30 March 2007). Its full title is "Income tax: can a share in a company be a convertible interest by satisfying item 4 of the table in s 974-75(1) of the ITAA 1997?" The answer given is Yes.
For a copy of TD 2007/26, go here