Income tax: tax consequences of investing in ISH Series UBS Instalment Warrants 2004 Product Disclosure Statement - cash applicants and on-market purchasers

Product Ruling PR 2004/69 sets out the Commissioner's view on the income tax consequences for entities participating in the ISH Series UBS Instalment Warrants 2004 Product Disclosure Statement for cash applications and on-market purchasers.

From 1 July 2007, the recently enacted Division 247 of the Income Tax Assessment Act 1997 applies a different methodology for calculating the cost of capital protection for entities in the ISH Series UBS Instalment Warrants. PR 2004/69 therefore has no application to entities entering into the ISH Series UBS Instalment Warrants on or after 1 July 2007.