Legislation

ITAA 1997 s Summary - what this Ruling is about 1 Relevant provisions 2 Class of entities 3 Qualifications 4 Date of effect 7 Scheme 8 Ruling 23 Off-market purchase 23 The Dividend Component 24 Assessability of the Dividend Component and tax offset 27 Direct distributions 27 Indirect distributions 29 Partnerships 29 Trusts 30 Partners and beneficiaries 31 Refundable tax offset 32 Sale Consideration 33 Shares held on capital account 36 Shares held on revenue account 39 Qualified persons 41 The anti-avoidance provisions 43 Appendix 1 - Explanation 46 Off-market purchase 46 The Dividend Component and the Capital Component 50 The Dividend Component 52 Assessability of the Dividend Component and tax offset 56 Direct distributions 56 Indirect distributions 58 Partnerships 58 Trusts 60 Partners and beneficiaries 61 Refundable tax offset 62 The Capital Component 63 Calculation of Sale Consideration 63 Shares held on capital account 72 Shares held on revenue account 74 Qualified persons 76 The anti-avoidance provisions 82 Sections 45A and 45B 82 Section 177EA 89 Section 204-30

ATO documents that consider ITAA 1997 s Summary - what this Ruling is about 1 Relevant provisions 2 Class of entities 3 Qualifications 4 Date of effect 7 Scheme 8 Ruling 23 Off-market purchase 23 The Dividend Component 24 Assessability of the Dividend Component and tax offset 27 Direct distributions 27 Indirect distributions 29 Partnerships 29 Trusts 30 Partners and beneficiaries 31 Refundable tax offset 32 Sale Consideration 33 Shares held on capital account 36 Shares held on revenue account 39 Qualified persons 41 The anti-avoidance provisions 43 Appendix 1 - Explanation 46 Off-market purchase 46 The Dividend Component and the Capital Component 50 The Dividend Component 52 Assessability of the Dividend Component and tax offset 56 Direct distributions 56 Indirect distributions 58 Partnerships 58 Trusts 60 Partners and beneficiaries 61 Refundable tax offset 62 The Capital Component 63 Calculation of Sale Consideration 63 Shares held on capital account 72 Shares held on revenue account 74 Qualified persons 76 The anti-avoidance provisions 82 Sections 45A and 45B 82 Section 177EA 89 Section 204-30