Published on 01 Aug 98
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
The author summaries the amendments relating to "streaming" of shares or other capital benefits to some shareholders and dividends to others shareholders; limitation of the use a company can make of its share capital account if it is to be able to make non-taxable payments to shareholders from that account, and the position of untainting tax on companies wishing to untaint their share capital account; taxation of bonus shares; and, redemption of redeemable preference shares.
Sue Williamson, CTA (Life), leads EY’s
Melbourne Tax Controversy practice.
She has acted in various AAT, Federal
Court, High Court and Supreme Court
cases relating to various Commonwealth
and state taxes, and has advised
clients on a broad range of taxation
issues including income tax, GST and
petroleum resource rent tax. Sue is also
an accredited mediator and has assisted
clients in resolving disputes using
various alternative dispute resolution
mechanisms. Sue is a member of the
ATO Dispute Resolution Committee and
is a former president of The Tax Institute.
- Current at
02 November 2018