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31 Mar 1010 3 Determinations on managed investment schemes

On 31 March 2010, the ATO issued the following final Taxation Determinations on managed investment schemes:

  • TD 2010/7 Income tax: does a change of Responsible Entity of a registered agricultural managed investment scheme affect the tax outcomes for participants if the arrangement continues to be implemented in accordance with the relevant product ruling? (Previously released in draft form as TD 2009/D9.)
  • TD 2010/8 Income tax: does the disposal or termination of an interest in a non-forestry managed investment scheme which arises as a result of circumstances outside the control of the taxpayer result in the denial of deductions previously allowed under paragraph 8-1(1)(b) of the ITAA 1997 in respect of your contributions to the scheme? (Previously released in draft form as TD 2009/D10.)
  • TD 2010/9 Income tax: is a payment received by an investor in a non-forestry managed investment scheme upon the winding-up of the scheme, that does not involve the disposal of your interest in the scheme to another person, necessarily ordinary or statutory income under the ITAA 1997? (Previously released in draft form as TD 2009/D11.)

The answer given in each Taxation Determination is No.


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