Goods and Services Tax Advice
GSTA TPP 046W
Goods and services tax: Is a share for share swap a financial supply for GST purposes?
Please note that the PDF version is the authorised version of this withdrawal notice.This document has changed over time. View its history.
Notice of Withdrawal
1. GSTA TPP 046 stated that a share for share swap would be a financial supply for GST purposes if all the requirements of subregulation 40-5.09(1) of the A New Tax System (Goods and Services Tax) Regulations 1999 are satisfied.
2. GSTA TPP 046 is withdrawn because it provides no interpretive guidance and the treatment of a share for share swap is covered by paragraphs 43, 78-90, and D4 Schedule 2 of Goods and Services Tax Ruling GSTR 2002/2 Goods and services tax: GST treatment of financial supplies and related supplies and acquisitions.
Commissioner of Taxation
11 June 2014
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