The Australian Taxation Office (ATO) has announced the release of Practical Compliance Guideline (PCG) 2021/1, Application of market value substitution rules when there is a buy-back or redemption of hybrid securities - methodologies for determining market value for investors holding their securities on capital account.
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New guidance on applying market value substitution rules when there is a buy-back or redemption of hybrid securities
We have released a practical compliance guideline …