Legislation

ITAA 1997 s What this Ruling is about 1 Relevant provision(s) 2 Class of entities 3 Qualifications 4 Date of effect 7 Scheme 8 Ruling 30 Return of capital not a dividend 30 The application of sections 45A, 45B and 45C 31 Capital gains tax (CGT) consequences 32 Foreign resident shareholders 34 Appendix 1 - Explanation 36 Return of capital not a dividend 36 The application of sections 45A, 45B and 45C 45 Section 45A - scheme to stream capital benefits 45 Section 45B - scheme to provide capital benefits 47 Scheme 50 Tax Benefit 53 Relevant circumstances 56 Capital benefit attributable to profits of the company 59 Pattern of distributions 65 Capital losses 69 Pre-CGT ownership interests 71 Residency of the shareholders 74 Cost base of the shares 77 Nature of the interest after the return of capital 79 Any matters referred to in s 177D(2) 82 Conclusion 84 Section 45C 85 Capital gains tax (CGT) consequences 86 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 Scheme 8 Ruling 30 Return of capital not a dividend 30 The application of sections 45A, 45B and 45C 31 Capital gains tax (CGT) consequences 32 Foreign resident shareholders 34 Appendix 1 - Explanation 36 Return of capital not a dividend 36 The application of sections 45A, 45B and 45C 45 Section 45A - scheme to stream capital benefits 45 Section 45B - scheme to provide capital benefits 47 Scheme 50 Tax Benefit 53 Relevant circumstances 56 Capital benefit attributable to profits of the company 59 Pattern of distributions 65 Capital losses 69 Pre-CGT ownership interests 71 Residency of the shareholders 74 Cost base of the shares 77 Nature of the interest after the return of capital 79 Any matters referred to in s 177D(2) 82 Conclusion 84 Section 45C 85 Capital gains tax (CGT) consequences 86 CGT event G1 - section 104-135