Insights

24/05/17

Tax Update: Taxing Share Buybacks and RPS Redemptions

When is a share capital account not a share capital account for tax purposes?  Why, when it is an equity account, of course!  So said the Full Federal Court recently in Cable & Wireless Australia & Pacific Holding BV (in liquidatie) v FCT in the context of share buybacks.  And on this topic, it is worth revisiting some basics on the buyback of redeemable preference shares (RPS).

Report DownloadClick the button below to download the document
Download Report (300.38 KB)
Insight By
Image of Muhunthan Kanagaratnam
Partner
+61 2 9263 4184
+61 406 319 842
Image of Chris Merjane
Lawyer
+61 2 9263 4079
+61 434 486 810
Image of Tina Chen
Lawyer
+61 2 9263 4359
+61 424 197 693

Categories

Areas of Expertise

Share This

AddThis: