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Important Corporate Funding and Distribution Developments

Published on 18 Apr 2007 | Took place at RACV Club, Melbourne , VIC

The recent McNeil decision of the High Court directly focussed attention on tax aspects associated with a range of corporate capital management strategies. In addition, there have also been a number of other important recent judicial developments of relevance to corporate distributions and shareholders. This session highlighted the potential practical relevance of these developments.

Individual sessions

Important corporate funding and distribution developments

Author(s):  Tim NEILSON,  Gordon THRING

The recent McNeil decision of the High Court directly focussed attention on tax aspects associated with a range of corporate capital management strategies. In addition, there have also been a number of other important recent judicial developments of relevance to corporate distributions and shareholders. This presentation highlights the potential practical relevance of these developments including:

  • Sun Alliance & Condell in the context of what constitute 'profits'
  • Lend Lease addresses ownership and derivation of dividend aspects (including CGT interactions)
  • Indofood International (UK) considers ownership of dividends for treaty purposes
  • McNeil of course is critical in that it focuses on whether a right provided to shareholders is income.
Materials from this session: