Private ruling: Application of Division 149 of the Income Tax Assessment Act 1997
Date of advice: 19 April 2021
Published: June 2021

Ruling: The Commissioner made a private ruling confirming that majority underlying interests in the CGT assets of a company at the test day, were held by ultimate owners who also had majority underlying interests in those CGT assets at the end of the starting day pursuant to subsection 149-60(1) of the Income Tax Assessment Act 1997 .