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  • The non-share capital account

    A non-share capital account is a notional account maintained by a company for tax purposes, which records contributions made to the company in respect of non-share equity interests (such as a related party at-call loan), and returns by the company of those contributions. The notional account allows a distribution on a non-share equity interest to be characterised as either a non-share dividend or a non-share capital return.

    Sections 164-15 and 164-20 of the Income Tax Assessment Act 1997 specify the credits and debits to be made to the non-share capital account.

      Last modified: 23 Jan 2017QC 18207