ÑÇÖÞÉ«ÇéÍø

Home / Simons-Taxes /Corporate tax /Part D8 Investment schemes /Division D8.1 Collective investment schemes /Authorised investment funds / D8.121 Shares in different denominations
Commentary

D8.121 Shares in different denominations

Corporate tax

Shares owned by a participant are treated as shares of the same class if―1

  1. Ìý

    (a)ÌýÌýÌýÌý in respect of shares of a given class specified in the instrument of incorporation of an open-ended investment company, shares issued of that class consist of both smaller and larger denomination shares; and

  2. Ìý

    (b)ÌýÌýÌýÌý a participant owns both smaller and larger denomination shares of that class.

Each larger denomination

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial

Web page updated on 17 Mar 2025 15:51