The Australian Taxation Office (ATO) has issued Taxpayer Alert (TA) 2020/5 on structured arrangements that provide imputation benefits on shares acquired where economic exposure is offset through the use of derivative instruments.
---
Overview
We are reviewing arrangements that are intended to provide imputation benefits to Australian taxpayers in respect of a parcel of shares where, as a result of derivative instruments entered into as part of the arrangement, the taxpayer retains no or…