Private ruling: Pre-capital gains tax status of goodwill
Date of advice: 22 January 2021
Published: March 2021

Ruling: The Commissioner made a private ruling confirming that the majority underlying interests in the CGT assets of a company as at the relevant test days were held by the 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 .