Finally, Practice Statement 2007/9 lifts the mystery surrounding how the off-market buybacks rules are applied in practice. However, is it all about to change again? This presentation covers:
- the ATO view - Practice Statement LA 2007/9
- Board of Taxation Review - key findings
- the current need for class rulings
- interaction between 45 day rule, section 177EA, section 204-30 and section 45B in a buyback
- the five options set out on the Board of Taxation website.