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On 27 May 2011 the Treasury released a proposals paper entitled “Greater consistency in the scrip for scrip roll-over and the small business entity provisions”. The paper is seeking comments on the policy design of a measure announced in the 2011-2012 Budget to remove uncertainty about the application of the scrip for scrip roll-over in the CGT provisions and uncertainty in the small business concessions. Broadly, this measure replaces references to “beneficial ownership” in these provisions with “ownership” to ensure that the scrip for scrip roll over and small business concessions apply appropriately to taxpayers.

The closing date for submissions is Friday, 24 June 2011.