Foreshadowed Changes to the Income Tax Act 1976
LawTalk, Vol. 205, pp. 2-4, 1984
2 Pages Posted: 25 Mar 2010
Date Written: 1984
Abstract
Proposals to the change the Income Tax Act 1976 included amendments to exempt from taxation the distribution of certain capital gains when a company is being wound up. The expected method of the change will be through a redefinition of the term “dividend”. The significance of the proposal is best understood in the context assessability of corporate distributions.
Keywords: Income tax, Corporate distributions, Dividends, Capital Gains
JEL Classification: K34
Suggested Citation: Suggested Citation
Prebble KC, John, Foreshadowed Changes to the Income Tax Act 1976 (1984). LawTalk, Vol. 205, pp. 2-4, 1984, Available at SSRN: https://ssrn.com/abstract=1576889
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