Taxation Ruling

IT 2462A - Addendum

Income tax : trust stripping - income from family trust distributed to a trust owned by the taxpayer's accountant. distributed amount returned to the family trust in the form of an interest free loan repayable on demand.

  • Please note that the PDF version is the authorised version of this ruling.
    This document incorporates revisions made since original publication. View its history and amending notices, if applicable.

FOI status:

may be released

ADDENDUM

In paragraph 19, delete the sentence: "However, the decision is subject to appeal."

Commissioner of Taxation
9 December 1993

References

ATO references:
NO BXH

ISSN 0813 - 3662

Related Rulings/Determinations:

IT 2462

Business Line:  PW

IT 2462A - Addendum history
  Date: Version: Change:
You are here 9 December 1993 Consolidated ruling  

Copyright notice

© Australian Taxation Office for the Commonwealth of Australia

You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).