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    Practice statements

    ATO Practice Statement Law Administration PS LA 2005/21

    PS LA 2005/21 provides instruction and practical guidance for tax officers considering the application of section 45B of the Income Tax Assessment Act 1936  (ITAA 1936) to an arrangement or proposed arrangement that is, or includes, a demerger within the meaning of Division 125 of the Income Tax Assessment Act 1997.

    The practice statement includes administrative and technical guidance on applying the elements of section 45B of the ITAA 1936, and provides practical case study examples to illustrate the application of this section to demerger arrangements.

      Last modified: 03 Feb 2016QC 17755