| Disclaimer You cannot rely on this record in your tax affairs. It is not binding and provides you with no protection (including from any underpaid tax, penalty or interest). In addition, this record is not an authority for the purposes of establishing a reasonably arguable position for you to apply to your own circumstances. For more information on the status of edited versions of private advice and reasons we publish them, see PS LA 2008/4. |
Edited version of private advice
Authorisation Number: 1052041877558
Date of advice: 14 November 2022
Ruling
Subject: CGT - transfer to wholly owned company
The Commissioner made a private ruling confirming that the shareholder of a Company was entitled to roll-over under Division 122 of the Income Tax Assessment Act 1997 in respect of the proposed transfer of shares in the Company to a new wholly owned company.