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Edited version of private advice
Authorisation Number: 1051543999858
Date of issue: 26 July 2019
Ruling
Subject: Foreign resident - Capital gains tax - Division 855
Legislative references in this Ruling are to provisions of the Income Tax Assessment Act 1997 (ITAA 1997) unless otherwise indicated.
Question 1
Will section 855-10 apply to disregard any capital gain or capital loss on the disposal of shares by you in Aus Co?
Answer
Yes.
Question 2
Will any gain on disposal of the shares by you in Aus Co be assessable under subsection 6-5(3)?
Answer
No.
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