21 Nov 2019 ATO factsheets

The ATO has released the following two related fact sheets:

• Conducting off-market share buy-backs and returns of capital: This fact sheet contains information in relation to conducting off-market share buy-backs and returns of capital by Community Bank companies. 
• Tax consequences of off-market share buy-backs and returns of capital: This fact sheet contains information in relation to the tax consequences of off-market share buy-backs and returns of capital for Community Bank companies' shareholders.