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The New Section 109XB

Published on 22 Mar 2004 | Took place at The Menzies Hotel, Sydney , NSW

Section 109UB is rightly regarded as one of the most difficult provisions in the Tax Acts. It is effective from 12 December 2002.

This seminar covered:
- why Section 109UB exists?
- its operation in Division 7A
- shat has drawn the Government's attention to these issues (asset revaluation reserve strategies and their interplay with 109UB)
- what has led up to the 12 December announcement (background to the Board of Taxation Report)?
- press releases
- how the replacement 109UB works
- is 109XB broader than 109UB?
- testing it against the asset revaluation reserve strategy.

Individual sessions

Section 109U(X)B - Squib or Double Bunger?

Author(s):  Ken SCHURGOTT This paper presents an analysis of proposed new Subdivision EA of Division 7A.

This paper was also presented by Greg Ganz at the A Tax Focus for Small Business and the Rural Industry seminar held in Ballina on 21 May 2004.

Materials from this session: