Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-5 - CORPORATE TAXPAYERS AND CORPORATE DISTRIBUTIONS  

Division 175 - Use of a company ' s tax losses or deductions to avoid income tax  

Subdivision 175-D - Common rules  

SECTION 175-95   When a person has a shareholding interest in the company  

175-95(1)  


A person has a shareholding interest in the company if the person is:


(a) the beneficial owner; or


(b) the trustee of a *family trust who is the owner;

of:


(c) *shares in the company; or


(d) an interest in *shares in the company.

175-95(2)  
A person also has a shareholding interest in the company if:


(a) the person has a shareholding interest in another company; and


(b) the other company has a shareholding interest in the company (including one resulting from any other application or applications of this subsection).


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