Understanding how taxing capital gains, on shares or units, can be affected by the nature of the underlying assets and vice versa (CGT event K6, s115-45 and Div 149)
It is worth surveying how three CGT anti-avoidance provisions, can affect how the gain on shares or units, can be affected by the nature of underlying assets, held by the company or trust (in the K6 event provision: s104-230 and the discount capital gains provision: s115-45). Similarly the pre-CGT nature of a company or trust’s…