EV 1052041877558currentnon-binding advice

CGT - transfer to wholly owned company The Commissioner made a private ruling confirming that the shareholder of a Company was entitled to roll-over under Division 122 of the Income Tax Assessment Act 1997 in respect of the proposed transfer of shares in the Company to a new wholly owned company.

Non-binding edited private advice. This is an edited version of private advice the ATO gave to a specific taxpayer about their own circumstances. You cannot rely on it — it is not binding and provides no protection for anyone else (see PS LA 2008/4). Use it as a guide to the ATO’s thinking, not as authority.

This document has no parsed paragraph structure. Read it on the ATO Legal Database via the source link.