Legislation

ITAA 1936 s Summary - what this ruling is about 1 Relevant provisions 2 Class of entities 3 Qualifications 10 Date of effect 13 Scheme 14 Background 16 Description of the Transaction 23 Main Features of PERLS IX 28 Distributions 31 Mandatory Exchange 37 Early Redemption 44 Early Exchange 49 Resale on the Call Date 53 Other matters and assumptions 59 Ruling 60 CGT implications upon acquisition of PERLS IX 60 Acquisition Time 60 Cost base and reduced cost base 61 Inclusion of Distributions and franking credits in assessable income 62 Entitlement to a tax offset for franking credits 64 Exempt income or non-assessable non-exempt income 65 Refundable tax offset rules 66 Gross-up and tax offset denied in certain circumstances 67 Qualified Persons 67 Determination under paragraph 177EA(5)(b)of the ITAA 1936 70 Streaming of imputation benefits 71 Dividend stripping operation 72 Section 45

ATO documents that consider ITAA 1936 s Summary - what this ruling is about 1 Relevant provisions 2 Class of entities 3 Qualifications 10 Date of effect 13 Scheme 14 Background 16 Description of the Transaction 23 Main Features of PERLS IX 28 Distributions 31 Mandatory Exchange 37 Early Redemption 44 Early Exchange 49 Resale on the Call Date 53 Other matters and assumptions 59 Ruling 60 CGT implications upon acquisition of PERLS IX 60 Acquisition Time 60 Cost base and reduced cost base 61 Inclusion of Distributions and franking credits in assessable income 62 Entitlement to a tax offset for franking credits 64 Exempt income or non-assessable non-exempt income 65 Refundable tax offset rules 66 Gross-up and tax offset denied in certain circumstances 67 Qualified Persons 67 Determination under paragraph 177EA(5)(b)of the ITAA 1936 70 Streaming of imputation benefits 71 Dividend stripping operation 72 Section 45