Money Doesn’t Come Without Guidance ...
Restructuring of a corporate or fixed trust group by splitting into groups is known as demerger. Stockholders in the parent company (or “head entity”) get direct ownership from indirect access in an entity with the help of demerger form of restructuring.
The government announced CGT and dividend tax relief on businesses restructured by the form of demerging from 1 July 2002. To be qualified for this tax relief while you will lodge tax return online in Australia following tests need to be satisfied:
In working out whether the proportional ownership tests have been satisfied, the following types of interests may be ignored: