TaxTMI Login
Just a moment...
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All TMI Notes
of of All TMI Notes
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 175 anti-avoidance: attribute interest and dividends to original economic owner for transfers, buy-backs, short-term trades</h1> Section 175 establishes anti-avoidance deeming rules attributing interest and dividends to the original economic owner where transfers, buy-backs or short-term trades separate legal receipt from beneficial entitlement; it includes day-to-day apportionment, exceptions requiring taxpayers to rebut avoidance before the Assessing Officer, a dealer carve-out, short-term record-date loss-ignoring rules, and AO information powers. The bill and enacted text are largely substantively identical; the principal difference is narrow-how 'record date'/'Administrator'/'specified company' are defined, with the enacted law anchoring those terms to the Unit Trust Act while the bill referenced an Explanation in earlier income-tax law, which may slightly alter coverage.
TaxTMI 
TaxTMI 