Distribution clarity? Round 3

20 January 2012

On 21 December 2011 the ATO released TR 2011/D8 dealing with the relationship of the new corporate law rule for dividends and the tax legislation, along with counsel’s legal opinion it has obtained as part of the process. Unfortunately the draft ruling creates as many uncertainties as it solves.

This tax brief discusses the draft ruling and the associated legal opinion.

For our full Tax Brief click here

These notes are in summary form designed to alert clients to tax developments of general interest. They are not comprehensive , they are not offered as advice and should not be used to formulate business or other fiscal decisions.

Liability limited by a scheme approved under Professional Standards Legislation.