Published on 11 Sep 01
by THE TAX INSTITUTE
Draft Taxation Determination TD 2001/D7 should acknowledge that there is an argument to the effect that a renunciation or disclaimer operates retroactively so that the taxpayer is treated as if he or she never enjoyed the interest in the first place (and thus leads to no disposition).
INSTITUTE OF CHARTERED ACCOUNTANTS IN AUSTRALIA
- Current at
19 November 2004