Published Date: 6 Aug 2012
We wish to raise an issue on the availability of scrip for scrip roll-over relief under Subdivision 124-M of the Income Tax Assessment Act 1997 (ITAA 1997) where a dividend is included in the capital proceeds from a disposal of shares in accordance with the principles set out in Taxation Ruling TR 2010/4. This ruling covers instances when a dividend will be included in the capital proceeds from a disposal of shares that happens under a contract or a scheme of arrangement.
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