ITAA 1936 s 159GZZZQ

Application of market value substitution rules when there is a buy-back or redemption of hybrid securities - methodologies for determining market value for investors holding their securities on capital account

Share buy-backs

Income tax: for Off-Market Share Buy-Backs of listed shares, whether the buy-back price is set by tender process or not, what is the market value of the share for the purposes of subsection 159GZZZQ(2) of the Income Tax Assessment Act 1936?

Compendium

Income tax: share buy-back: Lemarne Corporation Limited

Income tax: share buy-back: BHP Billiton Limited

Income tax: share buy-back: Just Group Limited

Income tax: share buy-back: Alumina Limited

Income tax: off-market share buy-back: CMI Limited

Income tax: off-market share buy-back: Gotalk Limited

Income tax: share buy-back: Santos Limited

Income tax: off-market share buy-back: Coca-Cola Amatil Limited

Income tax: off-market share buy-back: Sunraysia Television Limited

Income tax: share buy-back: Boral Limited

Income tax: Off Market Share Buy-Back: Portman Limited

Income tax: share buy-back: Santos Limited

Income tax: off-market share buy-back: MMC Contrarian Limited

Income tax: off-market share buy-back: Lion Selection Limited

Income tax: off-market share buy-back: Progen Pharmaceuticals Limited

Income tax: off-market share buy-back, redemption and surrender of assets comprising the Macquarie Media Group stapled securities