Published on 07 Jul 06
by THE TAX INSTITUTE
A joint professional body submission sent to the ATO on the draft tax determination TD 2006/D19 income tax: demergers: in reallocating the cost bases of ownership interests under a demerger, as required by subsection 125-80(2) of the Income Tax Assessment Act 1997, is there more than one method that produces a reasonable apportionment?
NATIONAL INSTITUTE OF ACCOUNTANTS
TAXATION INSTITUTE OF AUSTRALIA