Published on 01 Oct 05
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
The decision of the Full Federal Court in Commissioner of Taxation v McNeil  FCAFC 147 was handed down on 8 August 2005. The case raises some interesting tax issues which may have implications in characterising certain distributions made by a company to its shareholders for the purposes of s 6-5 of the Income Tax Assessment Act 1997. The decision is also a first in interpreting certain terms of s 104-155 of the 1997 Act (CGT event H2).