| Submission Number |
132 |
| Submitter |
Russell McVeagh |
Section / Provision Income Tax Act 2007 |
FO 18 |
Section / Provision Income Tax Act 2004 |
FE 10(2) (4) |
Date Received |
27/11/2009 |
| Description of issue |
This submission
sets out what we view as an unintended change in section FO 18
of the Income Tax Act 2007 ("2007 Act") arising from the rewrite
of section FE 10(2) and (4) of the Income Tax Act ("2004").
These provisions relate to the tax treatment of financial
arrangements between amalgamating companies on an amalgamation
|
| Section / Provision Income Tax Act 1994 |
|
| Status |
Finalised |
| Outcome |
The Panel
concludes there is an unintended legislative change and refers
Russell McVeagh's recommendations to Policy Advice for
consideration and the ITA 2007 be amended retrospectively. |
