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In practice: Sharing the pie

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.

Author profile:

Sue Williamson CTA-Life
Sue 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 PRRT. 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 23 June 2016 Click here to expand/collapse more articles by Sue WILLIAMSON.
 
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