Published on 31 Aug 99
by THE TAX INSTITUTE
Joint Submission on behalf of Institute of Chartered Accountants in Australia, the Taxation Institute of Australia, the Australian Society of CPAs, and the Australian Taxpayers Association re draft Tax Determination TD99/D34, in response to the question - if a public entity partly owns, directly or indirectly, anon-public entity, when (for CGT) does the non-public entity have to take into account the results of the public entity's tracing of underlying interests by examining underlying interests in its own pre-CGT assets?. TD99/D34 applies to jointly owned entities, with one or more publicly-owned entities as holders of equity interests (typically shares).
TAX POLICY & RESEARCH DIVISION
Current at 19 November 2004
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