Published on 11 Oct 00
by THE TAX INSTITUTE
Income Tax: Capital Gains: "Scrip for scrip" roll-over relief: can a company (or a wholly owned group of companies) 'become' the owner of 80% or more of the voting shares in another company (an original entity) in terms of paragraph 124-780(2)(a) of the Income Tax Assessment Act 1997, as a result of an arrangement even if the company (or group) owned some of those shares before the arrangement?
NATIONAL INSTITUTE OF ACCOUNTANTS
TAXATION INSTITUTE OF AUSTRALIA