Distribution of assets on dissolution now treated as a taxable transfer where dissolution occurred before the statutory cutoff, effective from commencement. Distribution of assets on dissolution is expressly covered by the substituted sub-clause so that distributions on winding up of a firm, body of individuals, or other association of persons where dissolution occurred before the specified cutoff are treated as transfers for capital gains tax purposes; the substitution takes effect from the commencement of the stated fiscal provision.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Distribution of assets on dissolution now treated as a taxable transfer where dissolution occurred before the statutory cutoff, effective from commencement.
Distribution of assets on dissolution is expressly covered by the substituted sub-clause so that distributions on winding up of a firm, body of individuals, or other association of persons where dissolution occurred before the specified cutoff are treated as transfers for capital gains tax purposes; the substitution takes effect from the commencement of the stated fiscal provision.
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