Private ruling: Disposal of shares in an entity
Date of advice: 25 May 2020
Published: June 2020

Ruling: Q1: 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? | A1: No. | Q2: Will subsection 855-10(1) of the ITAA 1997 apply to disregard any capital gain or capital loss on the disposal of shares by Foreign Co in Aus Co? | A2: Yes.




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