Published on 01 Dec 09
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
There were a number of significant tax developments in 2009. The ATO issued several important rulings, especially in relation to rights issues. The much awaited changes to scrip-for-scrip rollover relief were enacted and the employee share scheme concessions were subject to a major overhaul. Finally, as year end approached, the ATO claimed that gains made by a private equity investor should be taxed as ordinary income.