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“Reorganisation transaction” definition of section 23N of ITA

Posted on October 15, 2015April 6, 2021 by admin_kmos

‘reorganisation transaction’ means-

(a)     an intra-group transaction as defined in section 45(1) to which section 45 applies; or

(b)     a liquidation distribution as defined in section 47(1) to which section 47 applies;

Posted in Definitions - ITA, Section 23N (ITA) - Limitation of interest deductions in respect of reorganisation and acquisition transactions

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