Published on 08 Jan 10
by THE TAX INSTITUTE
The Taxation Institute of Australia (Taxation Institute) is pleased to provide comments on the exposure draft (ED) and explanatory material (EM) in relation to the election to allow capital gains tax to be the primary code for certain disposals by managed investment trusts.
The Taxation Institute welcomes the proposal to allow managed investment trusts (MITs) to make an election to treat gains and losses on disposal of certain investments on capital account for taxation purposes.
TAXATION INSTITUTE OF AUSTRALIA