Private ruling: Return of capital
Date of advice: 17 October 2019
Published: January 2020

Ruling: In order to protect the privacy and commercial in-confidence components of this private binding ruling the following summary is provided. | The Commissioner ruled on the application of section 12-210 of Schedule 1 to the Taxation AdministrationAct 1953 ,subsection 45C(3) of the Income Tax Assessment Act 1936 and section 205-30 of the Income Tax Assessment Act 1997 to a proposed return of capital.