Private ruling: Capital Gains Tax
Date of advice: 8 October 2015
Published: October 2015

Ruling: Q1: Will the transfer of shares held by The Trust in Company A give rise to a CGT event under Division 104 of the Income Tax Assessment Act 1997 (ITAA 1997)? | A1: No. | Q2: Will the cancellation of shares held by The Trust in Company A give rise to CGT event C2? | A2: No.


Relevant legislative provisions: Income Tax Assessment Act 1997 - Division 104, | Income Tax Assessment Act 1997 - Section 701-1.

Reasons for decision: Summary: The private ruling was issued to the taxpayer based on the facts provided in the ruling request.