In the 1997 Budget the Government announced changes that would be made to the treatment of franked dividends and to the dealing in shares generally.These changes fall into three broad categories. The new rules generally will apply to dividends paid on or after 13 May 1997. The holding period rule applies to shares and interest in shares which were acquired from 1 July 1997 unless the shareholder was contractually bound before 13 May 1997. The related payments rule generally applies to arrangements entered into after 13 May 1997. There are special rules that apply to beneficiaries of trusts. It is these latter rules that probably provide the most difficult concepts in this new area. The author expands and provides an overview of these changes.
Miscellaneous
1999
The anti-streaming and the 45 day rule
Source: New South Wales
Published Date: 7 May 1999
Details
- Published By: Ross Seller
- Published On:7 May 1999
- Took place at:Star City, Darling Harbour
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Tags
Miscellaneous
1999
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