Private ruling: Division 855 of the ITAA 1997
Date of advice: 26 July 2019
Published: September 2019

Ruling: Q1: Will section 855-10 of the ITAA 1997 apply to disregard any capital gain or capital loss on the disposal of shares by Foreign Co in Aus Co? | A1: Yes. | Q2: Will any gain on disposal of the shares by Foreign Co in Aus Co be assessable under subsection 6-5(3) of the ITAA 1997? | A2: No.




Subject: Division 855 of the ITAA 1997: Legislative references in this Ruling are to provisions of the Income Tax Assessment Act 1997 (ITAA 1997) unless otherwise indicated.