Private ruling: Variation of share rights and capital gain tax
Date of advice: 15 December 2016
Published: May 2017
Ruling period: 1 July 20XX - 30 June 20XX
Date scheme commenced: 1 July 20XX

Ruling: Q1: Will CGT event C2 happen pursuant to subsection 104-25(1) of the Income Tax Assessment Act 1997 (ITAA 1997) when the terms of the units are varied? | A1: No | Q2: Will CGT event H2 happen pursuant to subsection 104-155(1) of the ITAA 1997 when the terms of the units are varied, and will the capital proceeds in relation to CGT event H2 be equal to nil? | A2: Yes | Q3: Will Division 725 or Division 727 of the ITAA 1997 apply when the trustee varies the rights of the units? | A3: No