Private ruling: Tax consequences in relation to the issue of Mandatorily Redeemable Cumulative Preference Shares (MRCPS)
Published: April 2015

Ruling: The Commissioner issued a Private Binding Ruling in relation to the issue of MRCPS. The Commissioner considered: | • Sections 45B and 159GZZZP of the Income Tax Assessment Act 1936 ; and | • Divisions 974, 230, 165 and 166 of the Income Tax Assessment Act 1997 .