Published on 06 Aug 12
by THE TAX INSTITUTE
We wish to raise an issue on the availability of scrip for scrip roll-over relief under Subdivision 124-M of the Income Tax Assessment Act 1997 (ITAA 1997) where a dividend is included in the capital proceeds from a disposal of shares in accordance with the principles set out in Taxation Ruling TR 2010/4. This ruling covers instances when a dividend will be included in the capital proceeds from a disposal of shares that happens under a contract or a scheme of arrangement.
The Tax Institute is Australia's leading professional association and educator in tax, with offices in most major cities. Focusing solely on tax, the Institute provides the best resources, education and networks. Our mission is to equip tax professionals with everything they need to demonstrate the highest level of expertise and increase the advancement of public knowledge and understanding.
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CHARTERED INSTITUTE OF PUBLIC FINANCE AND ACCOUNTANCY