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Tax cases: What constitutes a connected entity for the purposes of the maximum net asset value test?

Published on 01 Apr 12 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

A husband and wife each held about 30% of the shares in a company. Was the value of the net assets of the company to be included in the maximum net asset value test?

Author profile:

Michael Norbury CTA
Michael has over 25 years experience in the areas of commercial law, revenue law (income tax, state taxes, GST, international tax), and estate planning. As an accomplished practitioner in the commercial area, Michael advises clients on an array of matters relating to taxation and revenue and general commercial issues in industries, including retail, energy, manufacturing and telecommunications. Michael is a member of The Tax Institute's Victorian State Taxes Subcommittee. After more than 10 years at Madgwicks, Michael has recently established his own practice. Current at 01 January 2016 Click here to expand/collapse more articles by Michael NORBURY.
 
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