Published on 23 May 08
by THE TAX INSTITUTE
A joint submission to the ATO in relation to Income tax: where a taxpayer has supplied or acquired property under an international agreement and that gives rise to a debt interest or an equity interest as defined for the purposes of Division 974 of the Income Tax Assessment Act 1997, does Division 974 bear upon the characterisation to be adopted for the purposes of the application of Division 13 of Part III of the Income Tax Assessment Act 1936 to the transaction?
NATIONAL INSTITUTE OF ACCOUNTANTS
TAXPAYERS ASSOCIATION OF NEW SOUTH WALES
TAXATION INSTITUTE OF AUSTRALIA