"Where the butterfly is being carried out on a 'net equity' basis, the repayment of a debt (whether owing to a third party or a shareholder) could be viewed as resulting in property becoming property of the distributing corporation in contemplation of the distribution, thus contravening paragraph 55(3.1)(a), where the repayment of the debt changes the mix of property of the distributing corporation."
Topics and taglines
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
322245
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
345048
Extra import data
{
"field_editor_tags": [],
"field_roundtable_subquestion": "18",
"field_stub": false,
"field_legacy_header": "1996 Corporate Management Tax Conference Round Table, Q. 18, No. 5-962079 (C.T.O. \"Pre-Butterfly Transactions\")"
}
"field_editor_tags": [],
"field_roundtable_subquestion": "18",
"field_stub": false,
"field_legacy_header": "1996 Corporate Management Tax Conference Round Table, Q. 18, No. 5-962079 (C.T.O. \"Pre-Butterfly Transactions\")"
}