Taxation Laws Amendment (Company Law Review) Act 1998 (63 of 1998)
Schedule 2 Tainting rule
Income Tax Assessment Act 1936
4 Section 160APA
Insert:
tainting amount means the sum of:
(a) the amount transferred to a company's share capital account when the share capital account most recently became tainted under section 160ARDM; and
(b) if the company subsequently transferred one or more further amounts to its share capital account - that further amount or those further amounts.
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
