BR PUB 14/09
Issued
20 Nov 2014
Effective
This Ruling will apply for an indefinite period beginning on 1 January 2015

Income tax - meaning of "anything occurring on liquidation" when a company requests removal from the register of companies

This 2014 ruling considers the meaning of 'anything occurring on liquidation' for a company requesting removal from the companies register.

The Commissioner has considered the first step legally necessary to achieve liquidation when a liquidator is appointed in QB 20/03: First step legally necessary to achieve liquidation when a liquidator is appointed.  Readers should read this item in order to gain a fuller understanding of the issues relating to amounts distributed on liquidation.