Private ruling: Return of capital
Date of advice: 8 September 2025
Published: 17 November 2025

Ruling: Q1: Will the Capital Return constitute a dividend as defined in subsection 6(1) of the Income Tax Assessment Act 1936 (ITAA 1936)? | A1: No | Q2: Will the Commissioner make a determination under subsection 45A(2) of the ITAA 1936 that section 45C of the ITAA 1936 applies to the Capital Return? | A2: No | Q3: Will the Commissioner make a determination under subsection 45B(3) of the ITAA 1936 that section 45C of the ITAA 1936 applies to the whole or part of the Capital Return? | A3: No

Relevant facts and circumstances: The Commissioner issued a ruling on a proposed Capital Return covering the following provisions:

Relevant legislative provisions: Income Tax Assessment Act 1936 subsection 6(1) | Income Tax Assessment Act 1936 section 45A | Income Tax Assessment Act 1936 section 45B