Legislation

ITAA 1997 s What this Ruling is about 1 Relevant provision(s) 2 Class of entities 3 Qualifications 4 Date of effect 7 Previous Rulings 8 Scheme 9 Ruling 31 Return of capital not a dividend 31 The application of sections 45B and 45C 32 Capital gains tax (CGT) consequences 33 Foreign resident shareholders 35 Appendix 1 - Explanation 37 Return of capital not a dividend 37 Section 45B - scheme to provide capital benefits 41 Schemes to provide capital benefits 43 Tax benefit 45 Relevant circumstances 47 Attribution 48 Distribution culture 54 Residency of the shareholders 58 Cost base of the shares 60 Nature of interest after the return of capital 63 The Part IVA matters 66 Section 45C 69 Capital gains tax (CGT) consequences 70 CGT event G1 - section 104-135

ATO documents that consider ITAA 1997 s What this Ruling is about 1 Relevant provision(s) 2 Class of entities 3 Qualifications 4 Date of effect 7 Previous Rulings 8 Scheme 9 Ruling 31 Return of capital not a dividend 31 The application of sections 45B and 45C 32 Capital gains tax (CGT) consequences 33 Foreign resident shareholders 35 Appendix 1 - Explanation 37 Return of capital not a dividend 37 Section 45B - scheme to provide capital benefits 41 Schemes to provide capital benefits 43 Tax benefit 45 Relevant circumstances 47 Attribution 48 Distribution culture 54 Residency of the shareholders 58 Cost base of the shares 60 Nature of interest after the return of capital 63 The Part IVA matters 66 Section 45C 69 Capital gains tax (CGT) consequences 70 CGT event G1 - section 104-135