Hello
I just want to find out if a scrip for scrip arrangement under Division 124-M of the ITAA97 will satisfy the corporate restructure exemption under Part 4AA of the Stamp Duties Act 1923 where a holding company acquires all the shares of another company owning commercial property in SA?
Does this exemption require an application to be submitted or can the exemption be self-determined.
Thanks
Sean
I just want to find out if a scrip for scrip arrangement under Division 124-M of the ITAA97 will satisfy the corporate restructure exemption under Part 4AA of the Stamp Duties Act 1923 where a holding company acquires all the shares of another company owning commercial property in SA?
Does this exemption require an application to be submitted or can the exemption be self-determined.
Thanks
Sean
