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
PDF icon Download Report (300.38 KB)


Areas of Expertise

Share This