12 January 1990 External T.I. 59210 - Avoidance of Tax on Capital Gains - Intercorporate Dividends Deemed to be Capital Gain -- summary under Subsection 55(2)

A sale of an operating division by Opco followed by the payment of a dividend to Holdco equal to the net after tax proceeds of the sale likely would not be regarded as having been carried out for the prohibited purpose.

Topics and taglines
Topic
Income Tax Act - s. 55(2)
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
309152
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
344967
Extra import data
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"field_legacy_header": "12 January 1990 T.I. (June 1990 <em>Access Letter</em>, ΒΆ1258)"
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