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In practice: Sharing the pie


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.

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Sue Williamson CTA-Life
Sue is a partner at EY specialising in tax controversy. Sue has worked in tax for more than 25 years including roles in major law firms and executive roles within the firms in which she has been a partner. Sue was the President of The Tax Institute in 2008, has been a member of several advisory boards, has participated in many consultative forums and lectures in the University of Melbourne Masters of Law program. Sue sees a focus on inclusivity in terms of both gender and culture as today’s leadership challenge, with the need to focus on making people understand their subconscious bias and identifying strategies to overcome it, requiring awareness and change at the individual level and significant cultural change at the organisational level. - Current at 08 January 2019
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